While not every country has easily accessible, physical resources or conventional economic assets it can rely on, every country has a culture of creativity that serves as a potentially formidable diversified resource base.
What are Creative industries?
Based on UNCTAD, it is described as "cycles of creating, producing, and distributing goods and services that use creativity and intellectual capital as primary inputs. They comprise a set of knowledge-based activities that produce tangible goods and intangible intellectual or artistic services with creative content, economic value and market objectives."
The Potential of Creative Products and Exports
Creative services exports vastly exceed those of creative goods, and while services should be easier for developing countries to expand, as they require very little material input, developing countries "are underrepresented and face hurdles in exporting these services," leading to a significant trade gap between developed and developing countries. Some of the barriers faced by developing economies include lack of skills training, relevant infrastructure (such as reliable telecommunications and internet networks), and policy support from government.
Defining and identifying creative industries and subsectors, and effectively tracking relevant data
To benchmark and compare economic performance with other Industries
Government Support for the creation of policies and regulation.
legal frameworks related to the creative economy: include protection and management of intellectual property rights, taxation and labor issues
creative workers as well as others in the so-called gig economy fall outside legal definitions on which labor protections are based. This can lead to a harmful perception that creative work is "not real work," and puts creative workers at risk of exploitation, or being relegated to the informal economy.
Development of digital infrastructure;