MR. Music and the Creative Economy : The Potential of the Local Music Industry

Abstract

This article aims to study the relationship between the music industry and the creative economy, particularly its potential at the local level. The article explains the value chain of the music industry in three main stages: music composition, music production, and music distribution, which generate economic value and promote the growth of related industries. The author presents case studies from Toronto, Canada, and South Korea's music industry, which demonstrate the integration of government policies and cooperation with the private sector in systematically developing the music industry. The article also highlights challenges in the music industry regarding intellectual property management, government support, and personnel development, to promote the music industry as a key mechanism for driving a sustainable creative economy.