Indonesia has wanted to promote its creative economy since President Susilo Bambang Yudhoyono issued Presidential Instruction No.6/2009 and formed the Tourism and Creative Economy Ministry in 2011.
Considering the country has enormous cultural potential that is spread across more than 1,300 ethnicities, the government is confident that Indonesia can be competitive enough in the global market for creative products.
Furthermore, during the presidential debate on June 15, we heard that both candidates would continue to promote creative economy development over the next five years if elected.
The creative economy story began in Bandung, where young people, mostly educated, introduced a new style of entrepreneurial activities in the late 2000s by utilizing individual creativity, or “making money from ideas”. Since then, the so-called creative industries have continued to grow in the city, especially design, indie music, as well as clothing factories and distribution outlets known as distro.
They offer stunning fashion and music products, with quality comparable to international products. These activities indeed enrich the image of Bandung, which is gradually becoming known as a “creative city”. This creativity boom was also recognized internationally, after the Yokohama meeting in 2007 picked Bandung as one of its creative city pilot projects in East Asia.
Kenneth Mikkelsen's insight:
Having backpacked 3 months in this amazing country, I fully understand why Bandung is the epicenter of the creative economy in Indonesia. It is truly a melting pot of creative art forms.
A new Brookings study suggests that US economic dynamism is dying. If economic statistics don't show the Cambrian explosion of innovation now under way, then perhaps there is something wrong with economics.
In BBC's Global Business this week, Peter Day travels to Seoul to find out about the Korean government’s strategy to solve these economic issues: ‘The Creative Economy’.
Korea aims to become Asia’s ‘start-up nation’ in the next three years, and is throwing vast sums of money into the technology sector to encourage people to become entrepreneurs. But this is a career choice that has until recently been dismissed in South Korean society. Can a government change a culture?
This report is the first in a series from Martin Prosperity Institute that will examine city prosperity across Asia.
Gaining broader insights about what drives prosperity in some of the most competitive Asian cities is vital to unlocking future opportunities.
This report provides an economic perspective set against the backdrop of India's urbanization and transitioning from an agricultural and industrial economy to a creativity- and service-based post-industrial economy.
In this video interview, Richard Florida explains how creative companies and the venture capital that drives them are increasingly flowing to cities, and what that means for economic and societal development.
Michael Casey from Dartmouth College, explains how links between knowledge disciplines are allowing the creation of new things. It's not sufficient to have knowledge anymore - you need to fill the gap between multible specialties.
Creativity is the X factor of modern industry. When it slumps, our economy splutters. Creativity is the source of the unprecedented wealth of the last two centuries. Yet we still understand very little about it.
How does creativity get turned into big commercial innovations that ultimately lead to new businesses, new jobs, higher wages and economic growth?
Kenneth Mikkelsen's insight:
A new study by Neil Lee and Andrés Rodríguez-Pose of the London School of Economics takes a hard look at this important issue. In a forthcoming paper in the journal, Environment and Planning A (that expands upon a working paper from the U.K.-based innovation think tank Nesta, summarized in a post over at the World Economic Forum blog), they takes a close empirical look at the varied contributions to innovation made on the one hand by creative firms, and on the other by individual creative workers, regardless of where they work.
We live in a golden age of management, that combines continuous innovation with disciplined execution. It is as passionately romantic as it is relentlessly practical. 21 recent books constitute a new canon of management.
Companies live and die by how well they understand their customers. Know who's good at understanding people? Social science.
While most execs are masters of analyzing spreadsheets, creating processes, and pitching products, anthropologists — and other practitioners of applied social science — can arrive at customer insights that big data tends to gloss over, especially around the role that products play in people's lives.
That information is more valuable than you might think. What customers want from a product and what companies think they want can be totally different, but it can take an anthropological lens to learn why.
The vaunted “creative class.” Cities everywhere are bending over backward to court this nearly mystical group in an attempt not only to stay relevant, but to do something that’s even more critical today: hatch innovators.
The special edition of the Report focuses on creative economy at the local level in developing countries. It is co-published by UNESCO and the United Nations Development Programme.
The Report confirms the creative economy as one of the most rapidly growing sectors of the world economy and a highly transformative one in terms of income generation, job creation and export earnings.
A growing body of research indicates that Africa's culture is a largely untapped resource that could give its economic development a welcome fillip. Artistic and cultural activity is also proving a driver of democratisation and can help prevent violent conflict.
Richard Florida, one of the world's leading experts on economic competitiveness, demographic trends and cultural and technological innovation shows how developing the full human and creative capabilities of each individual, combined with institutional supports such as commercial innovation and new industry, will put us back on the path to economic and social prosperity.