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Prof. Hyo-Soo Lee 01/24/2022 1 Creative City for Creative Economy Lee, Hyo-Soo, Ph.D. President, Daegu Creative City Forum Professor Emeritus of Economics, Yeungnam University 13 th President, Yeungnam University Global Creative City Forum 2016 2016. 11. 24.

Creative City for Creative Economy

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Page 1: Creative City for Creative Economy

ⓒ 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.

Page 2: Creative City for Creative Economy

ⓒ 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

Page 3: 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

Page 4: Creative City for Creative Economy

ⓒ 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

Page 5: Creative City for Creative Economy

ⓒ 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.

Page 6: Creative City for Creative Economy

ⓒ 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

Page 7: Creative City for Creative Economy

ⓒ 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.

Page 8: Creative City for Creative Economy

ⓒ Prof. Hyo-Soo Lee05/01/2023 8

Paradigm of Creative Economy

Page 9: Creative City for 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)

Page 10: Creative City for Creative Economy

ⓒ 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!

Page 11: Creative City for Creative Economy

ⓒ 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

Page 12: Creative City for Creative Economy

ⓒ Prof. Hyo-Soo Lee05/01/2023 12

Thank you!

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