Unctad says creative economy holds potential for developing countries

The United Nations Conference on Trade and Development (Unctad) has found in its ‘Creative Economy Outlook 2022’ report that the creative economy offers a feasible development option to all countries, particularly developing economies.

The report, which was launched at the third World Congress on Creative Economy, in Indonesia, on October 7, defines creative industries as cycles of creating, producing and distributing goods and services that use creativity and intellectual capital as primary inputs