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Development of Russia's creative economy in the context of modern challenges

Author

Listed:
  • Auzan, A.

    (Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia
    Institute for National Projects, Moscow, Russia)

  • Bakhtigaraeva, A.

    (Institute for National Projects, Moscow, Russia)

  • Bryzgalin, V.

    (Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia
    Institute for National Projects, Moscow, Russia)

Abstract

In this article we examine boundaries of the creative economy, its prospects in the context of global challenges, barriers, resources, and potential for its development in Russia. We show that the creative economy is a complex phenomenon and can be estimated with the combined use of sectoral and inter-sectoral indicators. The creative economy may be a response to digitalization and the threat of replacing human intelligence, climate change and glocalization. It may become a significant factor of economic development. Results of a study carried out by the Institute of National Projects and the MSU Faculty of Economics on behalf of the Creative Industries Federation show that realizing the potential of the creative economy in Russia is hampered by institutional and sociocultural barriers - they underlie most of the difficulties faced by representatives of creative industries. Joint actions of the state and the creative community is the only way to overcome both types of barriers and to develop the creative economy. These efforts may have significant economic returns due to Russia's competitive advantage in highly educated population over most other countries. Thus, the model of economic development of Russia through a creative economy and human capital may be more successful than previous attempts of innovative development in Russia.

Suggested Citation

  • Auzan, A. & Bakhtigaraeva, A. & Bryzgalin, V., 2022. "Development of Russia's creative economy in the context of modern challenges," Journal of the New Economic Association, New Economic Association, vol. 54(2), pages 213-220.
    • Handle: RePEc:nea:journl:y:2022:i:54:p:213-220
    DOI: 10.31737/2221-2264-2022-54-2-12
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    References listed on IDEAS

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    More about this item

    Keywords

    creative economy; creative industries; human capital; institutions; culture; socio-cultural factors; copyright;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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