Development of the creative economy in the Republic of Sakha (Yakutia)

One of the global trends of the modern world in the development of socio-economic industry has become the formation of creative industries. Creative industries are the basis of creative economy, which is based on the capitalisation of intellectual property in all fields of activity. This has resulted in an increased demand for value-added products and services, leading to the expansion of existing markets and the creation of new employment opportunities. In this context, support for creative industries cannot be considered within the confines of traditional sectoral policies; rather, it should be regarded as the formation of a new paradigm for regional development. The Republic of Sakha (Yakutia) is actively involved in shaping its creative economy by introducing strategic initiatives such as supporting local creative industries, developing infrastructure for creative entrepreneurs and promoting the region’s cultural heritage. A significant development was the adoption by the Government of the Republic of Sakha (Yakutia) of the decree “On Approval of the Concept of Creative Economy Development until 2025” in 2019, which indicates a deliberate progression in this direction. In 2024, the Decree “On the Development of Creative Economy in the Republic of Sakha (Yakutia)” emerged as the primary strategic document centred on regional particularities, underscoring the pivotal role of creative industries in fostering sustainable regional development. Consequently, Yakutia serves as a notable exemplar of the integration of creative industries into the regional economic structure, which can potentially serve as a model for other regions.