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At present, there is no single definition of the creative economy. It varies according to its application in the economic system of each country and relevant organizations. The creative economy is loosely defined by John Howkins as
The manufacturing chain that leads to the creative economy is called the creative industries,
Different agencies and governments of various countries define the creative economy and creative industries as follows: |
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widely praised as "the world creative hub", defines it as "the economy that consists of industries that are based on individual creativity, skill and talent, which create wealth and jobs and can be accumulated and passed on between generations through the protection of intellectual property". |
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follows the definition made by the UK's Department for Culture, Media and Sport, that the creative economy involves "industries that require creativity and skill, with the potential to create wealth and jobs through the development and exploitation of intellectual property.” |
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emphasized on the intellectual property context defining the term as "comprising cultural industries, including all art and culture products in the forms of both goods and services, that require effort to create, whether they are instantly made or go through a manufacturing process.” |
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"a concept of strengthening economic development and growth by using creative assets". |
| In conclusion, the meaning of “the creative economy” have common elements of driving the economy forward based on utilization of knowledge, education, creation, and intellectual property in relation to cultural foundation, wisdom accumulation of the society and modern technology/innovation. | |
