Published in:Korea Institute for Industrial Economics and Trade Research Paper ; No. 13/IER/18/6-2
Extent:
1 Online-Ressource (11 p)
Language:
English
DOI:
10.2139/ssrn.4209730
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 20, 2013 erstellt
Description:
Since the latter half of the 2000s, green growth and green industry have been centered on government policy. Green growth is interpreted as the more developed version of sustainable development to harmonize economic growth and environmental protection. At the very core area, green industry has been positioned as an alternative to break through growth without employment or economic recession. Renewable energy such as PV (Photovoltaic) and wind power, etc. have also been major items in green industry. Therefore, most developed and even developing countries have exerted their national efforts to enhance the competitiveness of their green industries. However, the recent global economic recession triggered by some European countries’ (e.g. PIGS: Portugal, Italy, Greece and Spain) economic/financial crises drastically decreased the global renewable energy demand level, which is unlikely to recover soon.From other perspectives, the creative economy/industry has risen up mainly in developed countries such as the UK, Australia, Japan and even Korea. The creative economy/industry is not an absolutely new concept, but a modified one from innovation and creativity that has been the main spiritual force in the capitalist economic system. Yet, it is focused in a reshaped form of the core ruling concept of the economy that can break through recent growth without employment or economic recession. Though its concept is far from strict confinement and varies from country to country and author to author, its importance in the policy area cannot be diminished.The new government led by President Park in Korea has set the creative economy/industry as its core national agenda. Therefore, this article briefly reviews the concept of the creative economy/industry and its importance and relation to green business, especially renewable energy. In addition, some related foreign and domestic cases are also enumerated. Lastly, the article considers some of its policy implications