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“Creative Economy” is a recently coined expression. Most of the studies and papers on this subject, often referred to as the “Knowledge Economy”, were conducted or published in the last 5 years.

The range of the expression “Creative Economy” depends on different interpretations that exist in different countries and organizations. Nonetheless, the first definition was developed by British writer John Howkins in the book “The Creative Economy”, published in 2001. According to Howkins’ definition, the various activities that comprise this economy have one thing in common: they are the results of individuals using their imagination and exploring (or protecting themselves from others doing so) the related economic value.

Within this context, still according to the author referred to above, there are various forms of intellectual property, of which the more common are:

  1. Copyrights
  2. Patents
  3. Trademarks
  4. Design

Copyright laws encompass individuals’ creative expressions. Initially, the laws referred to literary activities. However, new categories were included along the years, such as films and recorded music. Likewise, some categories were subdivided into other categories. To exemplify, literature copyrights nowadays include computer programs, because these programs are, in a certain manner, written material that brings together specific skills and creativity.

“Just as the currency of the 20th Century’s corporation was physical goods, the currency of the 21st Century’s corporation will be ideas. The Industrial Economy is rapidly giving way to the Creative Economy. Competitive advantages once enjoyed by big companies are now available to startups thanks to an abundance of capital and the power of the Web.

With globalization still at an early stage, the Internet promises to affect corporations more in the next 20 years than it has in the past five. We expect nothing less than a breathtaking transformation of the corporation against the backdrop of a global economy that rewards creativity, innovation, and speed.”

Stephen B. Shepard,
Editor-in-Chief, Business Week,
August 28, 2000.

 

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