MusicDish e-Journal - November 19, 2017
MusicDish Advertising Network
» HOME » INSIDER SCOOP » CAREER TIPS » MUSIC SPOTLIGHT » MUSICDISH*CHINA
» INDUSTRY INTERVIEWS » NEWS BEAT » DIGITAL SKOOL » OPEN REVIEW » MUSICDISH EDELWEISS
Search MusicDish e-Journal (Advanced)
Subscribe To MusicDish e-Journal
About | Contact | Advertise | RSS | Submit Article | Submit News | Artist Development | Premium PR Distribution
Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network

The Cultural Industries In CARICOM: Trade And Development Challenges
By Mi2N
(more articles from this author)
2007-02-27
Comment | Email | Print | RSS

As the Caribbean seeks to diversify its services exports, a clear area of comparative advantage is the culture and entertainment sector. In striving to promote Caribbean interests in this sector in external negotiations the Caribbean Regional Negotiating Machinery (CRNM) realized that it was first necessary to get a more precise overview of the cultural industries.

Based on consultations with industry stakeholders in 2004, the CRNM commissioned a comprehensive study to provide background on the cultural industries in Caribbean Community and Common Market (CARICOM) and their position in the global market.

The CRNM is pleased to release the study The Cultural Industries in CARICOM: Trade and Development Challenges, which was completed in November 2006. It was made possible with funding from the European Commission under the proinvest facility.

As the Director General of the CRNM states "The creative sectors hold tremendous potential for promoting the development and economic diversification of this Region. This study is therefore critical as it will assist the Region in formulating the policies that address the key issues and challenges currently affecting this sector."

The study assesses the economic contribution of the cultural/creative industries in CARICOM, to identify the factors constraining the global competitiveness of the sector, and to analyze the relevant trade and investment issues with a view to formulating a strategic action plan for the development of the sector. The aim is to increase the penetration of Caribbean cultural products and services in the global market.

There is a growing appreciation of the tremendous creative talents in the Caribbean and the importance of creative industries to Caribbean economies, and their potential for future growth if careful policies are employed in relation to the sector. However, to date, formal support by most governments in the region has been inadequate and this is largely due to the lack of data on the sector.

The study investigates the market structure, economic flows and export performance of the various sub-sectors of the cultural industries. Key issues affecting the sector are examined, including trade and border measures; the adequacy of incentives regimes; organizational issues; and industrial and innovation issues.

The study emphasizes the importance of intellectual property protection, innovation policy, industrial upgrading and export expansion, as a basis for increased competitiveness and makes recommendations for industry and policy makers based on the emerging opportunities and challenges identified throughout the work.

The draft report benefited from input by cultural industry representatives, and culture and trade officials at a CRNM regional workshop on Promoting Creative industries: A Trade and Investment Strategy for the Caribbean held in Barbados in October 2006. The researchers and other participants at that forum agreed that there is an urgent need for appropriate regulatory and policy measures to create an enabling environment for creative industries to realize their full productivity and export potential. Business persons in the creative industries also need to strengthen their organization through the establishment of representative associations.

The study also argues that investing in the cultural industries provides worthwhile returns because the sector generates new, high value-added and indigenous forms of employment, production and exports, aids in the diversification of mono-production economies and facilitates a more competitive development platform. The conclusion is that the cultural industries should be viewed as a critical strategic resource in the move towards creating sustainable development options.

The recommendations from the study and the workshop will be submitted to various CARICOM bodies for further action to promote the sector. The aim is to inform a coherent Caribbean strategy on the development and promotion of the cultural industries since they have great potential for exports.

The Full report, entitled The Cultural Industries in CARICOM: Trade and Development Challenges is available at http://www.crnm.org/culture_oct06.htm

Related News from Mi2N:
» The Cultural Industries In CARICOM: Trade And Development Challenges


Home » News Beat » The Cultural Industries In CARICOM: Trade And Development Challenges
Permalink:http://www.musicdish.com/mag/?id=11624
Email |Print |Comment |RSS

back | top


MusicDish Advertising Network

News Beat

» Women Make An Impact On The 2018 MPG Awards Shortlist

» Two-Sides of Copyright Finance: Sound Royalties & Kobalt

» Career Moves: ROLI, Live Nation Sweden, Music Glue, BBR Music Group, Warner/Chappell Music Spain & Blue Night Soundscapes

» Europe's Digital Music Leaders Form Alliance

» Deezer Becomes Miami Dolphins' Official Music Partner

News Beat Directory



» [2017-11-13] Women Make An Impact On The 2018 MPG Awards Shortlist; Nearly A Quarter Of Those Named This Year Are Female, Proving That Music Production Is No Longer A Bastion For The Boys

» [2017-11-13] The Nashville Musicians Sound Healthcare Plan Rolls Out; Sound Healthcare & Financial Announced The Formation Of A True Group Health Insurance Policy Plan For Musicians And Industry Professionals

» [2017-11-09] Streaming & Listening Diversity - Spotify Case Study; Will Artists Have An Easier Time Finding An Audience, Or Will Streaming Focus Global Attention On A Small Number Of Stars?

» [2017-11-09] Two-Sides Of Copyright Finance: Sound Royalties & Kobalt; Sound Royalties Unearths Millions In Undistributed Royalties While Kobalt Launches Fund To Invest In Music Copyright

» [2017-11-08] Career Moves: ROLI, Live Nation Sweden, Music Glue, BBR Music Group, Warner/Chappell Music Spain & Blue Night Soundscapes; ROLI Chief Creative Officer, Live Nation Sweden Managing Directors, Music Glue Global Head Of Business Development, BBR Music Group VP Of International, Warner/Chappell Music Spain Managing Director And Blue Night Director Of Music Clearance

» [2017-11-08] Europe's Digital Music Leaders Form Alliance; European Digital Music Companies Launch Of Digital Music Europe

» [2017-11-05] Pandora Subscriber Base Grows To Over 5 Million; Pandora Premium Paid Subscribers Cross The 1 Million Milestone In October 2017

» [2017-11-05] Hybrid Studios Announces Online Mastering Services; Engineers Billy Klein And Brian Frederick Spearhead New Online Mastering Effort Through OC Studio

» [2017-11-05] Music Industry Betting On VR & AR For New Revenue; The Music Industry Is Making An Early Bet On VR & AR To Create New Revenue Streams Across All Their Lines Of Business

» [2017-11-04] Sound Royalties Unearths Millions In Undistributed Royalties; Nearly $14 Million In Undistributed Royalties Has Been Found By Music-focused Finance Firm Sound Royalties

» [2017-11-02] MusicDish*China October China Label Music Releases And Charts; Several Tracks From October Releases Have Charted On Chinese Music Portal Kanjian ING Top 10 Weekly Chart

» [2017-11-01] Deezer Becomes Miami Dolphins' Official Music Partner; Deezer's Flirtation With The Sports World Appears To Have Just Begun
MusicDish Advertising Network

follow MusicDish on
Follow MusicDish on Twitter

Mi2N Music PR

LOVE MY COUNTRY! Is The Ultimate Compilation Series Featuring 20 Hot New Hits

Getting Restless

Your Favorite Color Releases "Heartache"

Melvin Alan Album "Wonderful Life"

Jean Louisa Kelly Presents A Personal Collection Of Songs From The American Standards And Musical Theater

halie and the moon Signs Distribution Deal For Asia With JVC Kenwood Victor Entertainment

Deadline Looms - The 14th Annual Acoustic Music Awards



Websites: Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network
Services: Submit Article | Submit News | Submit Video | Artist Development | Premium PR Distribution

Copyright © 1997-2017 MusicDish LLC., all rights reserved.
About MusicDish e-Journal | Contact Us | Advertise | RSS | Internships