January 28, 2010

Creative Industries and Economic Development in Thailand

The Thai government has promoted the concept of the “Creative Economy” as critical to Thailand’s development. This is seen in the draft of the 11th National Development Plan and in the nine government programs for developing creative industries that are included in the second stimulus package. The objective of this focus on the creative economy is to establish Thailand as the creative industrial hub of ASEAN and to increase the share of GDP contributed by creativity from 12% to 20% by the end of 2012. In this report, the Fiscal Policy Research Institute (FPRI) and the Kenan Institute Asia (K.I.Asia) seek to provide a clearer understanding of the creative industries in Thailand and their contribution, both present and potential, to the overall economy. The report quantifies that contribution through an analysis of the input-output (I-O) tables for the selected industries, outlines the value chains for each of these industries, provides comparative data on creative industries in other countries, assesses the impact of violations of intellectual property rights and offers some initial recommendations for government policy measures to help the government achieve its stated objective of developing a creative economy.

Click here to download the report

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