(De-)Regulating the Creative Economy

Creative and Knowledge Society – International Scientific Journal, 1:1, 44-62

19 Pages Posted: 31 Oct 2011 Last revised: 28 Oct 2014

See all articles by Rostam J. Neuwirth

Rostam J. Neuwirth

University of Macau - Faculty of Law, E32

Date Written: October 31, 2011

Abstract

Drastic changes have occurred throughout the past century and the world community is struggling to find the exact concepts to describe, understand and, possibly, govern them. One of the concepts used to describe these changes is the so-called 'creative economy'. Even though the concept is becoming more frequently used, it lacks a precise definition and its meaning remains elusive. Moreover, the proliferation of related concepts, such as the 'experience economy', the 'cultural economy', the 'knowledge-based economy' and the 'creative and cultural industries', further obscures its precise scope and meaning. These concepts are, however, no less elusive, particularly because they are of a dual or oxymoronic character, which variably combines aspects of culture, creativity and intellectual creation on the one hand with those of the economy, business, trade and commerce on the other.

In sum, the conceptual uncertainties also translate into major difficulties in finding appropriate regulatory responses in the sphere of law. The aim of the present article is therefore to cast light on the meaning of the concept of the creative economy with a view to paving the way for its better and more efficient regulation in the legal sphere. To this end, the first part offers a comprehensive interpretative analysis of the 'creative economy' with a view to establishing its value to the present global governance debate. Based on the evidence that designates the creative economy as an evolving concept requiring a multidisciplinary model for the formulation of an adequate approach in law- and policymaking, the second part discusses some of the creative economy’s major implications in the sphere of law. In this regard, several regulatory examples appear to advocate the abandonment of the conventional in favor of a more holistic method of regulation. The article concludes with some recommendations that are deemed useful for further debate and research in this area, which ultimately may contribute to the formulation of the kind of creative laws that are needed for the successful regulation of the creative economy in the future.

Keywords: creative economy, governance, international law, trade linkage debate, regulation, deregulation

JEL Classification: K00, K10, K20, K33

Suggested Citation

Neuwirth, Rostam Josef, (De-)Regulating the Creative Economy (October 31, 2011). Creative and Knowledge Society – International Scientific Journal, 1:1, 44-62, Available at SSRN: https://ssrn.com/abstract=1951611

Rostam Josef Neuwirth (Contact Author)

University of Macau - Faculty of Law, E32 ( email )

Avenida da Universidade
Taipa, Macau
Macau
+(853) 8822-4085 (Phone)
+(853) 8822-2380 (Fax)

HOME PAGE: http://www.umac.mo/fll/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
276
Abstract Views
1,664
Rank
210,191
PlumX Metrics