The Rise of the Digital Creative Economy: Caribbean Challenges and Opportunities

• Main Author: Nurse, Keith (auth)
• Other Authors: Hernández Acosta, Javier (Editor), Carolina Redondo Méndez, Andrea (Editor), Ospina Martínez, Oswaldo (Editor)
• Format: Electronic Book Chapter
• Language: English
• Published: Editorial Uniagustiniana 2018
• Subjects: Media, information & communication industries; Politics & government; Regional government; Caribbean islands; Caribbean culture; creative industries; creative economy; cultural sector; digital trade; industrial upgrading
• Online Access: DOAB: download the publication; DOAB: description of the publication

The burgeoning creative economy is making an in-creased contribution to gdp, exports and employment across the global economy. Although this is increas-ingly so in the developing world, from a trade stand-point, most developing countries operate at the low val-ue-added end of the value chain, resulting in large trade imbalances in creative goods, services and intellectual property. As such, to tap into present and emerging op-portunities, especially in the context of the rise of the digital creative economy, developing countries are en-couraged to not only improve the quality and market-ability of existing creative content they must also find ways to participate in the higher value-added segments such as online distribution is also highlighted. Drawing on the experience of the Caribbean, the paper presents a roadmap for value chain integration via mechanisms focused on trade support programmes that target in-dustrial upgrading and enterprise development.