Business programme

Creative Industries: How Not to Get Lost in the World of the Future?

17 Jun , 10:00–11:15
The Russian Economy: New Objectives and Horizons

In recent years, the creative industries have exhibited significant growth. The government has emphasized the development of the impressions economy and predicted an increase in the sector's share to 6% of GDP by 2030. In the changed landscape, the creative industries development strategy needs to be adjusted. The sanctions imposed by the Western countries, the withdrawal of foreign companies from the Russian market, plus restrictions on both export opportunities as well as creative and economic cooperation are putting serious pressure on the sector. Those limitations dictate the need to set new vectors for further development. Nevertheless, the creative industries are a chance for the national economy to make a breakthrough, relying on human capital and a return to basic ideals, values, and traditions. What conditions need to be created for a dynamic growth of the domestic creative product? What spheres of creative industries require institutionalization and development in the near future? How not to lose important cultural ties accumulated over the years? How to create an environment that will allow to grow and keep new creative personnel?