Inadequacies in information assortment have been recognized by consultants as a big deterrent to measuring the true significance and affect of the cultural and inventive industries (CCI) on Caribbean economies, a sector valued at greater than USD 1 trillion globally.
The Caribbean Growth Financial institution (CDB) highlighted the CCI as drivers of sustainable growth and resilience within the Area through the latest seminar Imagineering: Utilizing Artistic Trade Analysis to Devise Growth Methods.
Dr. Marisa Henderson, Chief of the Geneva-based Artistic Economic system Programme at UN Commerce and Growth (UNCTAD) shared latest analysis which confirmed that whole exports of artistic companies worldwide reached report ranges of USD 1.4 trillion in 2022 – nearly double that of exports of artistic items at about USD 713 billion.
Regardless of these spectacular figures, Dr. Henderson acknowledged that the prevailing information probably “doesn’t absolutely replicate the significance of those industries, as a result of we’ve not been gathering [enough of] the info up to now.”
Dr. Deborah Hickling Gordon, a cultural financial system guide, lecturer, and coordinator of the Bachelor in Cultural and Artistic Industries at The College of the West Indies, emphasised the shortage of knowledge as one of many two best threats to the event of Caribbean cultural economies.
“The reality of the matter is, if we will’t – and if we received’t – measure, map, or outline the Caribbean cultural financial system, we will likely be unable to adequately plan for its growth. It’s actually as easy and as difficult as that,” stated Dr. Hickling Gordon.
Noting the shortage of political will as the opposite large menace, Dr. Hickling Gordon advocated for educating Caribbean populations concerning the significance of their cultural economies. “A lot of them nonetheless see it as simply singing and dancing, however a competition is a supply of financial development due to the gaiety and pleasure that it brings. So there must be a clearer understanding that there’s worth in gaiety and pleasure.”
CDB’s Cultural and Artistic Industries Innovation Fund (CIIF) mission makes an attempt to deal with information infrastructure gaps by coaching statisticians in information assortment and evaluation.
Chief Govt Officer of worldwide growth coverage consultancy Canaan Bridges Consulting Inc. and CIIF group member, Dr. Marsha Simone Cadogan, identified that defending the mental property rights of creators can also be important. “If we’re going to incentivise creators to create and to supply content material that’s valued in society, it must be adequately protected.”
Imagineering: Utilizing Artistic Trade Analysis to Devise Growth Methods was held in June throughout CDB’s 54th Annual Assembly in Ottawa, Canada, and on-line.
