International Discussion on Creative Economy 2024, Jakarta

Creative Economy, Our Common Future

About Creative Economy Seminar

The International Discussion on Creative Economy: Our Common Future was held on July 18, 2024 in Jakarta as an attempt to gather Asia’s top experts and practitioners to discuss the future direction of creative economy in Asia and the Pacific. Not only did the international seminar serve as a follow-up to the report Creative Economy 2030: Imagining and Delivering a Creative, Inclusive, and Sustainable Recovery published by ADBI in early 2022 during Indonesia’s G20 presidency, it was also a prelude to the 4th World Conference on Creative Economy (WCCE) that will take place in Uzbekistan in October 2024.

The Creative Economy Jakarta Seminar was organized by the Asian Development Bank Institute (ADBI), the Indonesian Ministry of Tourism and Creative Economy (MoTCE), the Indonesian Chamber of Commerce & Industry (Kadin Indonesia), and the Asian Creative & Digital Economy Youth Summit (ACE-YS).

"Creative Economy, Our Common Future" Report and Recommendation Document

Executive Summary

From Bali to Tashkent via Jakarta:

Pathway to Inclusive Creative Economy

The Jakarta seminar acted as the vital bridge from 3rd WCCE in Bali and 4th WCCE in Tashkent. The report capitalized on the seminar’s insights and two decades of momentum in the creative economy built by international initiatives, including from the United Nations, G20, ASEAN, WCCE, ADBI, and ACE-YS. It offered valuable insights and recommendations for the upcoming WCCE and beyond, synthesized the perspectives of multistakeholder participants to build the sector.

The Jakarta seminar brought together 551 stakeholders from 21 countries to focus on key areas such as reflection on the international initiatives & declarations through Asia and the Pacific perspective, intergovernmental collaboration, the roles of the public and private sectors, the creative workforce, the interconnection with the climate crisis, and the progress of the Asian region for the global creative economy.

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The imagined common future is one with a vibrant, responsibly ever-growing, diverse, and sustainable creative economy, with characteristics including collaboration and interconnectedness, cultural identity and local wisdom, sustainability and environmental responsibility, inclusivity and accessibility, and policy support and institutional frameworks.

From the Jakarta seminar, there are 14 roles and contributions identified in achieving this vision, with expected collaboration in the areas of data utilization and research collaboration, people-to-people exchange, investment and financial support, and regulation that supports the development of the creative economy.

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To achieve the imagined future of the creative economy, key challenges were recognized in the areas of policy & regulations, collaboration & regional alignment, growth & expansion across borders, sustainable development, and knowledge & innovation.

To address these challenges, key recommendations for the sector include stimulating collaborative actions to secure our common future, strengthening the scalable policy frameworks in responding to the AI and climate crisis era, and promoting evidence-based development planning and reporting.

Key recommendations for WCCE revolve around how the conference can support the creative economy growth and facilitate collaboration and innovation. In supporting the sector’s growth, WCCE should inclusively engage stakeholders, showcasing case studies & best practices, addressing current challenges in the AI and climate crisis era, tailoring public sessions for specific sectors and actors, diversifying content and outcomes of discussion, and increasing visibility to a wider audience.