The document discusses the potential of creative industries in developing countries, highlighting barriers such as lack of financial aid priority, weak institutional support, and dependency on foreign investment. It emphasizes the challenges faced by local talent and markets, the bureaucratic hurdles in regulatory systems, and issues with intellectual property rights. Additionally, it examines the impact of creative sectors like music and film, particularly in relation to countries like China and Latin America.

1. Stuart Cunningham, Mark David Ryan, Michael Keane and Diego Ordonez

2. Potential of: New wealth creation; cultivation of local talent; creation of creative capital; new export markets Acts as a multiplier of effects throughout the broader and global economy

3. Barriers to Financing Creative Industries Developing countries typically have a pressing need to give any financial aid to education, poverty & infrastructure before it is given to creative industries Weak institutional & political support Low levels of entrepreneurial capability Dependency on foreign firms & investment Inefficient or non-existent copyright regimes

4. China Latin America Unmanageable regulatory system Many licenses are needed in order to operate Bureaucratization works against implementation of long-term business models Dependency on relationship maintenance High Copyright & Rights management costs for Start-ups Lack of naturally skilled local talent Dominance of the music ‘majors’ EMI, BMG, Warner Music Group, Sony Music Entertainment, Universal/PolyGram Talent is “poached” Over-emphasis on regulatory & tax incentives for firms

5. China Latin America Barrier Film TV Audio-Visual Publishing Performing Arts Start-up capital x x Working capital x x x x Lack of bus. expansion capital x x x Distribution barriers x x x Intellectual property regime x x x x Piracy x Institutional support framework x x Barriers Music Film Start-up capital x Working capital x x Lack of bus. expansion capital x x Distribution barriers x x Piracy x x Institutional support framework x x

6. Indigenous Australia A developed country with many correlations of a developing country Quality & unique creative industries is contingent upon having a large consumer market available Test and feedback Creative Industries is the least recognized innovative sector in Australia

7. China Latin America All China Sports Federation For development of e-sports National investment in video games Established live music practice Local & national broadcasting system Domestic recording industry Access to international markets Visual Arts One of Australia’s most significant exports ever Indigenous Australia

8. 1. Out of the 3 countries, who’s creative industries do you feel impacts the US & the rest of the world most? 2. Which makes least impact globally? 3. Which barrier do you feel is universal around the world? Why?