Creative Industries Internationalization Strategies of Selected Countries and Their Policy Implications

5 Pages Posted: 28 Aug 2014

See all articles by Jeong-Gon Kim

Jeong-Gon Kim

Korea Institute for International Economic Policy

Eunji Kim

Korea Institute for International Economic Policy

Date Written: July 11, 2014

Abstract

Along with the emergence of knowledge-based economy, importance of nonvisible production factors, such as knowledge and creativity is broadly recognized. With the spread of such recognition, the concept of creative industries, which includes cultural industries and contents industries, and even IT and R&D services, has been diffused over the world. Identifying creative industries as an industrial sector, which is composed of heterogeneous sub-sectors, countries have come to find that creative industries are new sources of job creation and have the potential to lead cross-industry innovation. For the case of Korea, creative industries take a large portion of the economy, and become a new growth engine. For example, cultural contents industries' value-added (KRW 33 trillion and 410.4 billion) accounts for about 2.7% of the GDP. If information industries, such as software as well as R&D and ICT equipment are included, their portion in the GDP reaches 7.1% in 2011.

Keywords: Creative Industries, Creative economy, Creative firms, Internationalization, UK, Finland, Germany, Japan

Suggested Citation

Kim, Jeong-Gon and Kim, Eunji, Creative Industries Internationalization Strategies of Selected Countries and Their Policy Implications (July 11, 2014). KIEP Research Paper No. World Economic Update-14-26, Available at SSRN: https://ssrn.com/abstract=2488416 or http://dx.doi.org/10.2139/ssrn.2488416

Jeong-Gon Kim (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Eunji Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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