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  • 23 December, 2020

  • 2 Min Read

UNESCO PRIZE ON CREATIVE ECONOMY

UNESCO PRIZE FOR CREATIVE ECONOMY

  • UNESCO is to launch an international prize in the creative economy field in the name of Bangabandhu Sheikh Mujibur Rahman.
  • 2021 has been declared as ‘International Year of Creative Economy for Sustainable Development by UNESCO.

About UNESCO Prize for Creative Economy

  • The prize will create knowledge-sharing mechanism by communicating the best practice in developing creative entrepreneurship.
  • The prize will be 50,000 USD and is to be given once every two years.
  • The award will recognise exceptional initiatives taken by cultural workers and organizations in the development of the creative economy.

What is a Creative Economy?

  • A creative economy is an economic system in which value is based on the use of creative imagination rather than the traditional factors of land, capital and labour.
  • The concept was given by John Howkins in 2001.
  • This form of the economy occurs only when the creativity of the person becomes a major source of value and the main cause of the transaction.

Bangabandhu Sheikh Mujibur Rahman

  • He is also called the “Father of Bangladesh”.
  • He was the first President of Bangladesh.
  • He also served as the Prime Minister of Bangladesh from April 17, 1971 till his assassination on August 15, 1975.

Source: TH


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03 Dec,2025

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