ROLE OF CREATIVE INDUSTRIES IN LITHUANIAN ECONOMY DEVELOPMENT

Abstract

This article analyses the influence of creative industries on the development of Lithuanian economy in current situation. The significance of creative industries lies in the fact that creative economy stimulates economic diversification, revenues, trade and innovations. Many researches examine that the more the country is developed, the better creative industries are developed. Moreover, they are regarded as country’s strategies to recover and develop the social economy. Globalization and integration have a significant influence on the importance of creative industries in the world economy. Analysis shows that integration into the European Union has an impact on Lithuania’s economy and creative industries development. However, studies analyzing such alterations are lacking. Therefore, the relevant problem is to evaluate the role of creative sector in Lithuanian economy development in current situation.

The objective of this paper is to analyze the role of creative industries in development of Lithuania economy in current situation.

DOI: http://dx.doi.org/10.5755/j01.em.19.2.5869