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ⓒ Prof. Hyo-Soo Lee05/01/2023 1
Creative City for Creative Econ-omy
Lee, Hyo-Soo, Ph.D.President, Daegu Creative City Forum
Professor Emeritus of Economics, Yeungnam University13th President, Yeungnam University
Global Creative City Forum 20162016. 11. 24.
ⓒ Prof. Hyo-Soo Lee05/01/2023 2
I. Why change the world? II. Paradigm Shift of Economy III. Stages of Economic DevelopmentIV. The Rise of Creative Economy and the Fall of
Industrial Economy
V. Paradigm of Creative Economy
VI. Why We need a Creative City?
VII. How to build a Creative City?
VIII. What is the strategic choices for a Creative City, Daegu?
Creative City for Creative Economy
ⓒ Prof. Hyo-Soo Lee05/01/2023 3
Why Change the World?
Patent Motorwagen, Karl Benz, 1886James Watt, 1776, steam engine from horsepower
Creative Evolution of General Purpose
Technology(GPT)
Source: ineptechs, CES2015, F105
Paradigm Shift of Economy
Source: forum.globaltimesSource: skyrim
Source: ajunews.-com
ⓒ Prof. Hyo-Soo Lee05/01/2023 4
Lee’s Paradigm Shift of Economy
Source: Lee, Hyo Soo, Creative Economy (in Korean), Maeil Business Newspaper, 2014, pp.57-61.
Creative evolution
of GPT
• Creative Evolution of General Purpose Technol-ogy(GPT)
• Chains of Creative Changes from the GPT Creative Evolution
• Diffusion of Creative Changes
• Dramatic Changes of Productivity & Production System
• Dramatic Changes of Industry Structure & Con-sumption Pattern
• Emerging of New Economic Paradigm• Competitive Advantage of New Economic Para-
digm • Shift of Economic Development Stage
Butterfly Effect
Industrial Revolution
Shift of Economic Paradigm
ⓒ Prof. Hyo-Soo Lee05/01/2023 5
Stages of Economic Development by H.S. Lee
Creative evolution of GPT Industrial Revolution
Stages of Econ.
Development
* Tool Development* Crops & Cattle
The 1st Industrial Rev.
Agricultural Rev. 1.0
The new stone ageThe middle ages
Agricultural Economy
* Ley(New) farming Agricultural Rev. 2.0 the UK, 17th C. * Steam engine* Mechanical inven-tions
The 2nd Industrial Rev.
Industrial Rev. 1.0The UK1760-1830 Industry
Economy* Mass Production Sys-tem* Electricity Industrial Rev. 2.0
The US, early 20thC.
* Computer* Internet
The 3rd Industrial Rev.
ICT & Knowledge Rev.The US The late 20th C.
Knowledge Economy
* Creative Knowl-edge & Business ecosys-tems* Meta tech(AI, IoT, 3D )* Open platform
The 4th Industrial Rev.
Creative Rev.
The US The early 21th C.
Creative Economy
Source : Lee, Hyo-Soo (2014), Creative Economy (in Korean), Maeil Business Newspaper (MK publishing), p.62. The 4th Industrial Revolution: Lee, Hyo-Soo(2014) & Klaus Schwab(2016) Lee, Hyo-Soo (2014), Creative Economy ; Klaus Schwab(2016), The Fourth Indus-trial Revolution, WEF.
ⓒ Prof. Hyo-Soo Lee05/01/2023 6
The 4th Industrial Revolution and Changes of Life
Source: New Dimensions Media Group
Source: bit-tech
Source: Dattatrey Sindol
1. Prediction2. Voice Recogni-
tion3. Facial Recogni-
tion4. Calculations5. Singularity
AI
3D Print-ing
Open Plat-form
Source: business2community
ⓒ Prof. Hyo-Soo Lee05/01/2023 7
Creative Econ-omy!Why, How & What ?
The Rise of Creative Economy and The Fall of Industrial Economy
The Creative Economy is a New Economic Paradigm by the Fourth Industrial Revolution, regardless of a Government’s Policy Option and Naming.
ⓒ Prof. Hyo-Soo Lee05/01/2023 8
Paradigm of Creative Economy
ⓒ Prof. Hyo-Soo Lee05/01/2023 9
Why We Need a Creative City?
Creative city is an ecosystem of the creative economy.
Creative city is a VITAL City which creates new jobs and creative industries by attracting tal-ents.
In the creative city, many kinds of unexpected start-ups sprout and grow.
Silicon Valley(UA), TchCity(UK), Tel Aviv(Israel)
ⓒ Prof. Hyo-Soo Lee05/01/2023 10
• Variety of People, Cultures, Industries• Creativity emerges from tolerance, diversity &
convergenceVariety
• Creative knowledge & Creative Industry ecosys-tems
• Innovation Cluster, Entrepreneurship
Innova-tion
Identity • Creative class from abroad, Y- talent development system
• Creative people want to be around other creative people.
Talent• Interactions and mutual learning in the nightlife,
café culture • Accelerators, Cultural Festival, Art & cultural activ-
ities
Activi-ties
• Cheap rents, learning & leisure opportunities, smart city
• Green space, Natural assets, Cultural assets, Con-nectivity
Livabil-ity
How to build a Creative City?
Creative city should be a VITAL city to be a people magnet.
Level up both VITAL indexes and their interaction!
ⓒ Prof. Hyo-Soo Lee05/01/2023 11
What is the strategic choices for a Creative City, Daegu?
• Openness: open to the world, ethnic cultural diversity
• Tolerance: People magnetVariety
• Creative knowledge ecosystem• Creative business ecosystem, en-
trepreneurship
Innova-tion
Identity• Y-type Talent Development Program• High-tech Visa Program for Creative ClassTalent
• Global Music Festival, Open Square & Plaza• Creative City Forum, Collaboration of University and
BusinessActivities
• Daegu Eco-Green City Project: Strategic plans for Architecture, transportation and Green spaces
• San Francisco (GC 1 NA), Vancouver(GC 2 NA)Liability
ⓒ Prof. Hyo-Soo Lee05/01/2023 12
Thank you!
http://blog.naver.com/hyosleegiuyoutube : 이효수