Asia’s creative industries are benefiting from rapid digitalization and need countries to plug skills gaps, boost access to financing, and step up data infrastructure to ensure they can create jobs and support socioeconomic growth, this report shows.
Related Organizations
- DOI
- http://dx.doi.org/10.22617/TCS240434-2
- Dimensions
- 8.5x11
- ISBN
- 978-92-9270-887-0(print) 978-92-9270-888-7(PDF) 978-92-9270-889-4(ebook)
- Pages
- 156
- Published in
- Philippines
- SKU
- TCS240434-2
- pages
- 154
Table of Contents
- Contents 5
- Tables, Figures, and Boxes 6
- Foreword 8
- Acknowledgments 9
- Abbreviations 12
- Executive Summary 13
- Introduction 17
- Objectives and Scope of the Study 18
- Research Methodology 20
- Defining Digital Creative Industries 21
- Part I: Opportunities 23
- 1. Digital Creative Industries: A driver of job creation and socioeconomic development in Asia 24
- 1.1 Digital creative industries grow faster than the wider economy 25
- 1.2 Digital Creative Industries create new employment opportunities 27
- 1.3 Digital Creative Industries reinforce a country’s national brand and increase soft power 29
- 1.4 Digital Creative Industries have spillover effects on other sectors 31
- 1.5 Digital Creative Industries foster social and human development 32
- 2. Digital Transformation: New opportunities to capture value within the global content value chain 33
- 2.1 Technological innovation has drastically transformed content production and distribution in the audiovisual, gaming, and music sectors 34
- 2.2 New opportunities emerge from increasingly global and segmented content value chains 45
- Part II: Barriers to Development 61
- 3. Foundations for Policymaking: Governance, strategy development, data availability, and public-private dialogue 63
- 3.1 Multiple government agencies are responsible for supporting creative industries in each country 64
- 3.2 Governments are developing creative industry strategies, but they sometimes lack effectiveness 66
- 3.3 Lack of well-organized and accessible industry data hinders the efficient allocation of resources 68
- 3.4 Public–private dialogue is siloed, making it hard for industry players to advocate for common interests 69
- 4. Talent: Skills, education systems, and job quality 70
- 4.1 Creative industries are beset by a mismatch between demand and supply of skills for jobs 71
- 4.2 Education and training systems struggle to adapt to ever-changing skill demands 81
- 4.3 Low wages, long working hours, and lack of safety nets hamper the quality of jobs 97
- 5. Regulatory and Business environment: Incentives, financial support, content bans, and intellectual property protection 101
- 5.1 Financial support has room for improvement in all four focus countries 102
- 5.2 Unclear regulation may discourage foreign (and local) investment 111
- Part III: Policies 118
- 6. Best Practices: How creative powerhouses foster growth and job creation in digital creative industries 119
- 6.1 Canada created thousands of jobs by subsidizing salaries and attracting “anchor companies” 120
- 6.2 The Republic of Korea built a strong national brand through the global export of K-culture 121
- 6.3 Colombia built a thriving audiovisual ecosystem from the ground up in only 10 years 125
- 6.4 Malaysia is on track to become the Southeast Asian hub for digital businesses 126
- 6.5 The United Kingdom developed a structured approach to creative skill development that relies on public–private collaboration 128
- 6.6 Singapore positioned itself as the gateway to Southeast Asia by prioritizing skill development and favoring collaboration with international players 131
- 6.7 Spain developed a national audiovisual strategy under the Ministry of Economic Affairs 133
- 7. Conclusions: Key lessons and policy recommendations 135
- 7.1 Foundations for effective policymaking: ensure a clear governance, set up a solid data framework, develop along-term vision, and enhance public–private dialogue 136
- 7.2 Talent development: craft policies to enhance capacity-building and create a robust talent pipeline 139
- 7.3 Enabling environment: ensure regulation supports rather than hampers the development of local creative industries 152
