Creative industry as a key creative component of the Slovak economy

Daniela Rybarova,T. Kliestik

doi:10.1051/shsconf/20207403009

Abstract

The global economy is understood as an economy of information, knowledge, creativity, networks and services. The creation of value in the economy is involved in the economic, social and cognitive mechanisms. The economic mechanism emphasizes the processes of cooperation and production, the social mechanism, in turn, communication and marketing techniques, the cognitive mechanism is based on human imagination and interpretation. Under the cognitive mechanism is meant creativity, the ability to bring new motive, ideas. Cognitive mechanisms are in value creation process complementary to economic and social mechanisms and they are capable of producing value separately. One of the approaches to measuring creativity is to define and analyse creative industries. The creative industries are industries in which “combine and overlap the fields of art, culture, business and technology. They create a cycle of creation, production and distribution, using their intellectual capital as primary capital [1]. The contribution of the creative industry lies in its cross-sectoral dimension with minimal territorial constraints. The article will focus on the definition of creative industries and the analysis of creative industries in the Slovakia. The method used was the analysis of trends in the form of percentage year-on-year change. The creative industry is the sensitive on the state and development of the economy in Slovakia.

Highlights

The globalization of the world economy leads to significant economic, scientific, technical and geopolitical changes
Knowledge management and its resulting product - intellectual capital is becoming a source of competitive advantage, which is confirmed by many studies [2]
Their research explores the effect of the implementation and intensive use of broadband on the labour demand induced by the innovative behaviour of Peruvian firms of creative industries (CI) in comparison to Knowledge Intensive Business Services (KIBS) and Services companies

Summary

Introduction

The globalization of the world economy leads to significant economic, scientific, technical and geopolitical changes. Traditional factors of economic development - land, labor, capital are receding into the background and knowledge is gaining prominence. Knowledge management and its resulting product - intellectual capital is becoming a source of competitive advantage, which is confirmed by many studies [2]. More in [3] the study is based on the framework developed by the World Intellectual Property Organization, so as to make international comparisons possible. The creative economy is a natural environment for innovative ideas and the development and exploitation of creative potential. Creativity, together with an adequate organizational culture, is an essential prerequisite for creating innovation [4]

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Discussion

Conclusion