Reframing an Unfolding Canvas: Policy Approaches to Facilitate APEC’s Creative Economy amid Evolving Digital Technologies
The report discusses policy approaches to enhance APEC's creative economy by leveraging digital technologies, addressing challenges, and proposing strategies for growth and collaboration among member economies.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publication date: | September 2024 |
| Publisher: | Asia-Pacific Economic Cooperation |
| Authors: | Sylwyn C. Calizo Jr., Andre Wirjo |
| Geographic focus: | Apec Region |
| Page count: | 15 |
Methods
The research method involved analyzing trade data, reviewing existing literature on the creative economy and digital technologies, and assessing policy frameworks across APEC economies. It included qualitative assessments of challenges and opportunities within the creative sector, as well as recommendations for policymakers.
(Generated with the help of GPT-4)
Key Insights
The report examines the potential of the creative economy within the APEC region, highlighting its growth in exports of creative goods and services, which reached USD 416 billion and USD 415 billion respectively in 2022. It emphasizes the role of evolving digital technologies, such as artificial intelligence and extended realities, in driving creative processes and enhancing the delivery of creative services. However, it also identifies significant challenges, including limited digital literacy, unclear intellectual property rights, and a lack of supportive policy environments. Policymakers are urged to create holistic educational programs, narrow the digital divide, clarify IP issues, and foster collaborations among stakeholders to optimize the benefits of digital technologies. The report suggests that APEC can act as an incubator for ideas and initiatives to build a mature creative economy, facilitating information sharing and capacity-building activities. The report concludes that addressing these challenges and leveraging digital technologies can unlock the untapped potential of the creative economy in the APEC region, ultimately contributing to economic growth and innovation.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2024 publication year | English publication language | Apec Region geographic scope | creative economy | creative services | digital divide | digital technologies | economic growth | education and training | intellectual property | policy approaches | stakeholder collaboration | trade data