Laos Post

Tuesday, Apr 22, 2025

Digital Transformation's Impact on Creative Economy Highlighted by UNCTAD

UNCTAD Report Emphasizes Need for Regulatory Frameworks to Ensure Equitable Benefits from Technological Advances
Digital transformation is profoundly affecting the production and consumption of creative goods and services worldwide, presenting unequal opportunities, according to the United Nations Conference on Trade and Development (UNCTAD). The creative economy, encompassing audiovisual products, design, media, music, performing arts, publishing, and visual arts, has experienced significant commercial growth, underscoring the necessity for robust regulatory frameworks to ensure technologies like Artificial Intelligence (AI) benefit everyone.

By 2022, global exports of creative services reached USD 1.4 trillion, and creative goods totaled USD 713 billion, marking increases of 29% and 19%, respectively, since 2017. However, disparities exist, with major powers accounting for 80% of creative services exports. Streaming services now make up 67.3% of global music market revenue, and AI is increasingly used for generating and optimizing creative content.

UNCTAD highlighted that while digitalization and AI foster growth and efficiency, they also pose challenges, including the digital divide, labor market changes, quality control, privacy, consumer protection, copyright issues, and market monopolization. Decision-makers are urged to monitor technological advancements and update policy frameworks to harness development opportunities and mitigate risks.

---
Newsletter

Related Articles

Laos Post
0:00
0:00
Close
Cultural Battles in the Vatican: The Candidates in the Battle for the Holy See and Pope Francis's Testament
Global Leaders Pay Tribute to Pope Francis Following His Death
Wild Chimpanzees Observed Bonding Over Alcoholic Fruit
Series of Earthquakes Strike Mae Hong Son and Myanmar Border
Pope Francis Makes Brief Appearance at Easter Sunday Mass
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Alphabet Faces Antitrust Setbacks as Federal Judges Rule Against Google
US Billionaires Call for Higher Taxes, but Proposed 'Millionaires Tax' May Not Achieve Desired Outcome
Designed in US, made in China: Why Apple is stuck in tariff tussle
Mild Earthquakes Recorded in Laos and Northern Thailand
South East Asia Caught in US-China Trade Dispute
China Raises Tariffs on U.S. Goods to 125% Amid Escalating Trade Dispute
U.S. and Panama Finalize Defense Agreements Amid Canal Access and Chinese Influence Concerns
China Stands Firm Amidst Trade Disputes with the US: A Factual Analysis
U.S. Tariff Escalation Sparks Global Trade Tensions
The Trump administration is contemplating the removal of Chinese companies from U.S. stock exchanges.
Alisha Lehmann's Modeling Campaign and Public Controversy Stir Debate Ahead of UEFA Women's Euro
Southeast Asian Nations Respond to Elevated U.S. Tariffs
Building collapsed in Bangkok earthquake
CCTV footage from a high-rise condo in the middle of Bangkok shows the water in the pool rippling like waves
Earthquake Strikes Bangkok, Causing Chaos in High-Rise Pool
U.S. Firms Experiencing Notable Global Revenue Exposure in Light of New Tariffs
President Trump Prolongs TikTok Sale Deadline by 75 Days
Worldwide Responses to U.S. Tariffs: Varied Reactions from Key Economies
Huge Blaze Breaks Out in Malaysia Following Gas Pipe Burst
OpenAI Achieves Unprecedented $40 Billion Investment
OpenAI Unveils New Image Creation Tool for ChatGPT
Ex-FIFA President and French Soccer Icon Acquitted of Corruption Allegations
Samsung Executive Han Jong-hee Dies Suddenly Amid Ongoing Corporate Challenges
Revealing the Electromagnetic Characteristics of the Great Pyramid of Giza
Ex-Philippine President Rodrigo Duterte Detained in Manila Under ICC Warrant
The inaugural 7-Eleven store opens in Luang Prabang.
The Largest Cruise Ship from Disney to Set Sail from Singapore
U.S. Creates Strategic Cryptocurrency Reserve, Triggering Market Boom
Cobra Gold 2025, the 44th annual joint military exercise co-hosted by Thailand and the United States, has commenced with participation from 30 nations and over 8,000 military personnel
Apple Hit with Lawsuit Over Accusations of Deceptive Carbon Neutrality Claims Regarding Watches
Thailand and China Strengthen Crackdown on Transnational Scams
Myanmar to Deport Over 7,000 Foreign Nationals Following Crackdown on Scam Gangs
Japan's New Condominium Prices Reach Record High in 2024
Thailand, China, and Myanmar Get Ready for Tripartite Discussions on Transnational Crime
Recent archaeological discoveries indicate that the Great Wall of China may be 300 years older than previously thought.
Thailand Moves Forward with High-Speed Rail Project Connecting to China
Thailand Enhances Regional Collaboration to Tackle Call Centre Fraud.
Tech Giants Ramp Up Lobbying Campaigns Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
BYD Encounters Increase in Customer Complaints Regarding Smart EV Feature Launch
Lao Prime Minister Sonexay Siphandone is set to undertake his inaugural official visit to Thailand.
×