Knowledge is Power:

The Artist's Real Contribution to the  "Creative Economy"

The so-called "Creative economy" is an evolving concept based on the potential of "creative assets" to generate socio-economic growth and development, in a globalized world increasingly dominated by images, sounds, texts, and symbols.  

 

At the heart of the creative economy lie the creative industries.  Loosely defined, the creative industries are at the crossroads of arts, culture, business, and technology and use intellectual capital as their primary input.

 

Today´s creative industries range from folk art, festivals, music, books, newspapers, paintings, sculptures and performing arts to more technology-intensive subsectors such as the film industry, TV and radio broadcasting, digital animation and video games, and more service-oriented fields such as architectural and advertising services.  (Read more.)

 

- United Nations Conference on Trade and Development, 2008

 

Activity in the creative sectors triggers not only jobs and spending, but also generates tax revenues for state and local governments that help fund local services like education and public safety. Property taxes, state and local personal income taxes, and sales taxes generated through direct, indirect, and induced effects by the creative industries totaled $16.7 billion across the state (California) in 2015.  (Read more.)

- Otis Report on the Creative Economy, 2017

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