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Libra Group Social Responsibility

The Future of Latin America & the Caribbean is Creative & Digital

March 18, 2021 – Creativity is the act of conceiving something original or unusual. Thanks to intellectual property rights, this distinctly human ability is the main input of a sector of the economy that, according to UNESCO, generates annual revenues of USD 2,250 billion. Aside from being one of the fastest-growing economic sectors in the world, a study by EY shows that creative economies count for 2.2% of GDP in Latin America and the Caribbean. For the Inter-American Development Bank (IADB), the creative industries ecosystem and entrepreneurship are seen as part of the solution for the region’s economic recovery, with innovative offerings at the crossroads of creativity and digitalization. “The Future is Creative” is the title of one of the points on the agenda of the IADB’s annual meeting, which will take place this week. At this juncture, it is worth asking: Are we taking advantage of the full potential of creative economies to propel economic growth in the region while making social impact? Addressing this reflection requires the perspective of different stakeholders, which is why, in the past few years, Concordia has undertaken the task of bringing them together to prompt dialogue and foster partnerships.

Full blog post here.

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