Four approaches to the creative economy: general overview

The article presents the concept of the creative economy as a new economic phenomenon in the globalized environment. Four approaches on the new occurrence are presented. According to John Howkins theory, the fifteen creative industries (listed by the author) are the core of the creative economy. Bot...

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Main Author: Rasa Levickaitė
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2011-06-01
Series:Business, Management and Education
Subjects:
Online Access:https://www.jbem.vgtu.lt/index.php/BME/article/view/5271
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author Rasa Levickaitė
author_facet Rasa Levickaitė
author_sort Rasa Levickaitė
collection DOAJ
description The article presents the concept of the creative economy as a new economic phenomenon in the globalized environment. Four approaches on the new occurrence are presented. According to John Howkins theory, the fifteen creative industries (listed by the author) are the core of the creative economy. Both creativity and economy aren’t new, but brand new are its interaction and scope. A wide definition of creativity has formed Richard Florida’s theory of the developing creative class, which is a group of professionals, researchers and artists whose presence creates socioeconomic and cultural dynamism in cities especially. Richard Caves characterizes creative industries on the basis of seven economic properties and presents an idea that creative industries as such aren’t unique but the sectors of creative industries driven by creativity generate new approaches to business processes, the demand-supply chain and covers both economic and social indicators of the country development. Charles Landry has proposed a creative city concept, which states that cities are dependent on one resource only – its people. Creativity changes place, natural resources, market access, and becomes the key to dynamism of city development. A creative city defines a metropolis with variety of cultural activities glued to urban economical and social functioning. Key activities highly influencing rapid growth of the creative industries worldwide are related to both technology and economy. Digital revolutions and economic environments where revolutions took place, changes in technology and communications altogether have formed new conditions for development of creative economy as a new economic phenomenon.
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spelling doaj.art-b94586ce4712489e95fd39e7c7440bec2022-12-21T21:10:29ZengVilnius Gediminas Technical UniversityBusiness, Management and Education2029-74912029-61692011-06-019110.3846/bme.2011.06Four approaches to the creative economy: general overviewRasa Levickaitė0Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, LithuaniaThe article presents the concept of the creative economy as a new economic phenomenon in the globalized environment. Four approaches on the new occurrence are presented. According to John Howkins theory, the fifteen creative industries (listed by the author) are the core of the creative economy. Both creativity and economy aren’t new, but brand new are its interaction and scope. A wide definition of creativity has formed Richard Florida’s theory of the developing creative class, which is a group of professionals, researchers and artists whose presence creates socioeconomic and cultural dynamism in cities especially. Richard Caves characterizes creative industries on the basis of seven economic properties and presents an idea that creative industries as such aren’t unique but the sectors of creative industries driven by creativity generate new approaches to business processes, the demand-supply chain and covers both economic and social indicators of the country development. Charles Landry has proposed a creative city concept, which states that cities are dependent on one resource only – its people. Creativity changes place, natural resources, market access, and becomes the key to dynamism of city development. A creative city defines a metropolis with variety of cultural activities glued to urban economical and social functioning. Key activities highly influencing rapid growth of the creative industries worldwide are related to both technology and economy. Digital revolutions and economic environments where revolutions took place, changes in technology and communications altogether have formed new conditions for development of creative economy as a new economic phenomenon.https://www.jbem.vgtu.lt/index.php/BME/article/view/5271creative economycreative industriescreative classcreative city
spellingShingle Rasa Levickaitė
Four approaches to the creative economy: general overview
Business, Management and Education
creative economy
creative industries
creative class
creative city
title Four approaches to the creative economy: general overview
title_full Four approaches to the creative economy: general overview
title_fullStr Four approaches to the creative economy: general overview
title_full_unstemmed Four approaches to the creative economy: general overview
title_short Four approaches to the creative economy: general overview
title_sort four approaches to the creative economy general overview
topic creative economy
creative industries
creative class
creative city
url https://www.jbem.vgtu.lt/index.php/BME/article/view/5271
work_keys_str_mv AT rasalevickaite fourapproachestothecreativeeconomygeneraloverview