Creative Economy: Barriers and Opportunities

Abstract

In this paper we investigate the perspectives of creative economy development and formation of creative cluster in the Arctic region. In the first place the key features of the Arctic economy are specified, the major negative tendencies such as sector-specific economy, periphery structure and small number of population are singled out. It must be noted that the last tendency we define as depressant possessing the ripple effect as the limitation of consumer market capacity for creative products and having critical amount for the formation of creative cluster. But the economy in the modern Arctic operates in the context of transnationalism and globalization, which open new horizons and prospects for the Arctic territories. We can conclude that transformations and shaping of the new global Arctic conditions leads to the rethinking of the Arctic community and economy and, the most important, they develop preconditions for the Arctic creative practices. As a driver of the Arctic creative economy and the leading factor of the regional economy rebooting, we choose university that can lay the ground for the formation of creative cluster, as well as the Arctic tourism with its potentially high creative element that can give the ripple effect for the Arctic creative economy. Thus, creative industries on the Arctic territories serve as the foundation for social and economic sustainability in the conditions of globalization, despite the discomfort of living and working and high absolute economic costs.