The Future of the Creative and Cultural Economy [REPORT]

Fruit of a collaboration between the IDB and The Institute for the FutureDigital cooperatives, social networks income distribution, micro-assistance for artists, biotechnology design products, regional cultural markets and creative answers to natural disasters are just some of the innovations that could emerge within the next decade, according to a new report by the Inter-American Development Bank (IDB) and The Institute for the Future (IFTF).

The report, Future Landscapes of the Orange Economy: Creative Pathways for Improving Lives in Latin America and the Caribbean, draws from the premise of five engines for global change and forecasts their impact on 10 zones of innovation in the creative and cultural industries, or the orange economy, as the IDB calls it.

Creative and cultural industries, which include subjects such as visual arts, music, fashion, graphic design and digital games, in 2015 generated $124 billion in revenues and provided employment to more than 1.9 million people in the region.

“What if we could tap the full potential and creative talent of our people?” asked Trinidad Zaldivar, head of the IDB’s Cultural, Solidarity and Creativity Affairs Division. “This report is an invitation to explore the future, not to make exact predictions, but to stimulate a dialogue around innovative ideas and opportunities.”

To download report CLICK HERE.