By Sri Lanka is a country with a rich history and culture, and its people are naturally creative. In recent years, the government has made a commitment to developing the country’s creative industries as a way to boost economic growth and create jobs.
There is a growing body of evidence that creative capital can be a powerful driver of economic development. A study by the World Bank found that countries with a strong creative sector tend to have higher levels of innovation, productivity, and GDP growth.
Sri Lanka has a number of advantages that could help it to tap into the potential of creative capital. The country has a young and educated population, and it is also home to a number of world-class universities and research institutions.
In addition, Sri Lanka has a vibrant arts and culture scene, which provides a foundation for the development of creative industries.
There are a number of ways in which creative capital could be used to achieve Target 2048. One way is to promote the development of creative industries such as film, music, fashion, and design.
These industries can generate jobs and export revenue, and they can also help to promote Sri Lanka’s culture and identity to the world.
Another way to use creative capital is to invest in education and training. This will help to create a workforce with the skills and knowledge needed to succeed in the creative economy.
Finally, the government can also play a role in creating an environment that is supportive of creativity. This includes providing access to funding, infrastructure, and markets.
By investing in creative capital, Sri Lanka can create a more prosperous future for its people. The country has the potential to become a regional leader in the creative economy, and it can use this to achieve its goal of becoming a developed country by 2048.
Here are some examples of how creative capital has been used to achieve economic development in other countries:
- In Ireland, the creative industries contribute over €50 billion to the economy each year.
- In South Korea, the government has invested heavily in the creative economy, and the country is now a major player in the global film and animation industries.
- In Brazil, the creative industries have been credited with helping to reduce poverty and inequality.
