The smart economy: cultural and creative industries in Greece. Can they be a way out of the crisis? (in Greek)

Sophia Lazaretou ()

No 175, Working Papers from Bank of Greece

Abstract: The cultural and creative economy is an area increasingly attracting research attention in the last ten years or so and has been at the heart of discussions underway, in advanced (post-industrial) economies and emerging economies alike, on the design of a development and growth strategy. In the European context, the sector has shown remarkable resilience during the current debt crisis and recession. Building on this positive development, and in line with the new international growth model whereby the economy of knowledge and technology intertwines with the economy of culture and creativity, Greek policymakers cannot afford to disregard the visible benefits of the smart economy in their quest for a new sustainable growth paradigm. The challenge is therefore to ensure a shift of cultural policy from its current static approach that focuses on the preservation of heritage to a dynamic one that would encourage the creation of new ideas and forms that will probably become tomorrow’s heritage. The main objective of the present study is to advocate this shift and shed light on various policy options for achieving this goal. Specifically, the paper makes a first tentative attempt to delineate the scope of the cultural and creative economy, to map its various components and aspects and to provide a quantitative view of how Greece fares in this new sector of activity. It goes on to outline the specific features of the sector of culture and creativity in Greece and concludes with ten practical recommendations that would foster the emergence of a virtuous circle linking culture, creativity and economic growth.

Keywords: economy; cultural and creative industries; Greece (search for similar items in EconPapers)
JEL-codes: Z1 (search for similar items in EconPapers)
Pages: 75
Date: 2014-02
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Citations: View citations in EconPapers (35)

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