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18 - The Digital Creative Economy and Blockchains: Options and Prospects for the Developing World

from Part III - Impact of Knowledge Flows on Trade and Development

Published online by Cambridge University Press:  17 February 2022

Antony Taubman
Affiliation:
World Trade Organization
Jayashree Watal
Affiliation:
World Trade Organization
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Summary

The creative sector has emerged as a critical driver of digital trade and generates significant opportunities for economic diversification and competitiveness in developed and developing economies. The expansion of the digital creative economy creates not just new and alternative business models, it also generates new markets, which make creative industries a critical resource for economic development. This chapter assesses the challenges and opportunities for creative industries in developing countries, especially as it relates to making the transition to a digital creative economy and to the adoption of blockchain technologies which have the potential to address structural challenges such as big data management, financial inclusion and integration into global value chains.

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Trade in Knowledge
Intellectual Property, Trade and Development in a Transformed Global Economy
, pp. 531 - 552
Publisher: Cambridge University Press
Print publication year: 2022

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