Culture as a component of economic and social development processes: an analysis of the state of the art

Olmedo-Barchello, Selva

doi:10.18004/pdfce/2076-054x/2016.022(43)045-053

Cited by 1 publication

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“…Culture is considered a valuable asset for economic growth, beyond merely addressing poverty and human needs [58]. Additionally, culture has been shown to enhance social capital, drive innovation, spur entrepreneurship, and conserve historical and intangible cultural assets [59]. As Abeledo posits, the production of culture is justifiable due to its innovative potential and the prospect of generating synergies with other sectors through the leveraging of that innovation [60] (p. 37).…”

Section: Results: Old Wine In New Bottlesmentioning

confidence: 99%

Decommodify the 2030 Agenda: Why and How to Finance What Is Not Profitable?

et al. 2023

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The 2030 Agenda serves as a guide for current economic policy. Despite this, the dominant political and economic discourse still relies on the market for success. Incentives are being developed to create business opportunities that align with the sustainable development goals. However, funding for these projects ultimately depends on their potential profitability. As a result, economic growth is seen as a necessary condition for achieving the 2030 Agenda. This approach leaves culture and the arts behind, as they are difficult to commodify. The artist job market highlights the tension between the democratic value of the arts and the values of the capitalist system. This challenge is seen in both the field of cultural economics and in discussions of culture’s role in meeting the 2030 Agenda’s sustainable development goals. To address this, the study proposes incorporating culture into a funding strategy not based on the private market by using the employer of last resort or job guarantee policy for future applications. This will redirect focus from the economic value of the arts to their value for human development, ultimately realizing the goals set by the 2030 Agenda.

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Section: Results: Old Wine In New Bottlesmentioning

confidence: 99%