"Culture-Based Economy in the Era of Industrial Revolution 4.0"
There are five stages in UNESCO’s cycle of cultural economy: creation, production, dissemination, transmission and consumption. The extent of this cycle’s relevance in cultural economy value in the era of Industrial Revolution 4.0. still needs to be examined. The dominance of platform-economy (such as, YouTube, Spotify and Netflix) is the most recent case. On one hand, platform- economy enables access to many cultural actors and users. On the other hand, platform-economy also presents its own challenges for the cultural economy in developing countries. Judging from the reality of today’s culture economy, we can surmise future cultural economy value chain which could guarantee social justice and sustainable development goals.
Based on this consideration, this sub-theme will explore the following points:
- Best practices in managing cultural economy based on value-chain approach
- The problem of dependence and asymmetrical relationships in the global culture economy value-chain
- Identification of actors and stakeholders in creating an ideal culture economy value chain
- How should we envision the future by 2030 and steps to achieve the target?
- The expected role of IFAC in overseeing the realization of the ideals of a future culture economy that ensures social justice and sustainable development goals