The arts produce a unique combination of social, cultural, and economic benefits, which cities across the Country could increasingly recognizing and encouraging. The arts and culture industry attracts innovative, vibrant new businesses in fields such as publishing, advertising, music, dance, design, and architecture, and creates jobs for artists who anchor local cultural production.
Arts and culture can also play a key role in urban revitalization and community renewal, as well as the development of cultural tourism opportunities and the enhancement of a city or state’s public image.
The arts and culture sector also has a role to play in the development of innovation hubs, geographic clusters of capital and talent that can fuel economic growth and innovation in areas such as design, technology and manufacturing.
Art, in its many forms, exists in every community, culture and country. It has been around since the beginning of civilization itself, paintings etched on the walls of caves or sculptures carved out of stone. Humans have always felt the need for expression
In today’s world, we know that art can be a major economic force, yet we continue to question the worth of it. It has historically been seen as accessible only to the elite class. Today, it has transcended into everyone’s daily lives, stopping us in our fast-track lives to appreciate the beauty that surrounds us and at times, enhancing the way we think and behave. It adds that punch of colour, uplifting the space to compliment the surroundings. This need of Art is the day to day life has made it into a full blown business. Gone are the days when it was not considered a medium for business and only had an intellectual value.
Here are seven quick ways to prove that art is genuinely a good business avenue these days.
Art Buying and Selling- The traditional and the most comfortable way of investing in a piece of art, can be a painting or a sculpture. One goes to an art gallery and picks up from the stock of work that already exists and the cycle of buying and selling is maintained thereon.
Art Commissioning- This is a more challenging because it is customized.A bespoke piece is a lot more personal and aesthetically pleasing. The artist creates something for you from scratch rather than buying off the shelf. This is dependent on the space, style, budget and a many other variables. Art Commissioners are very much in demand these days because of the increasing trend of commercial and residential artworks and installations.
Art Restoration- Over the years the hues in paintings start to fade away due to humidity and pollution in the environment. Art professionals are appointed to study the style of the artist and touch up the pieces to keep it from looking dull. There are full time courses to study about it.
Art Valuation- With every passing year a piece of art, just like real jewelry appreciates in value if created by the big artists. If an artwork is bought when an artist is new and budding, maybe 20 years down the line its value has tripled. A professional is then appointed to value the art in monetary terms and collectors usually have an entire portfolio of art to maintain. This is called portfolio management, a well-known term for anyone who deals in the Share market.
Art Insurance- When an art investor or collector buys an expensive piece of art or a gallery is shipping a collectable item, an insurance needs to be purchased against the piece. The amount paid for insurance is directly dependent on the valuation of the artwork. There are banks and institutions that specialize in this field which is a limited and niche area within art. Art insurance works in the same way as travel or life insurance which is dependent on the package that you choose.
Art as a gifting option- A painting, sculpture or a portrait makes a great gift for weddings, house warming parties and milestones. Getting a piece commissioned has an element of personalization. Buying something from a gallery art fair or online is also possible. There are so many ecommerce ventures in this space that one does not need any evidence to validate this point.
Art Camps and Workshops- Children and adults today have all the resources to learn and grow so easily with several art camps and workshops happening all year around. This is an essential exercise for a child’s development and growth whereas it’s one of the best destressing outlets for adults. So there are many companies and organizations who organize these exclusive art camps.
Art can inspire us, make us happy, or even motivate us. Living in a purely functional world would lack meaning for us as human beings. If we try to run our lives on the metrics, we may end up bored and empty. A steep rise in wealth has fueled art market.
As art buyers increase in numbers, along with their appetite for luxury, it’s touched off a race among service providers, trying to break into the market.
For the last century, financial and institutional capital have been the priority leverage points for addressing society’s challenges. I deeply believe that, in the future, human, social, and creative capital will have the greatest impact.
And this is where arts and culture are a necessity.
There is no discipline that nurtures and sparks the cognitive ability to imagine, and unleashes creativity and innovation, more than arts and culture. There is no approach that breaks barriers, connects across cultural differences, and engages our shared values more than arts and culture. There is no investment that connects us to each other, moves us to action, and strengthens our ability to make collective choices more than arts and culture.
To unlock this lever for change, I believe we must do several things:
Focus on strategies that foster real collaboration—finding the best ways to leverage existing structures.
Identify the stakeholders who must join, support, and advocate for solutions—we must reach beyond the “choir” to deeply understand the values, needs, and motivators of other partners including development organizations, business, neighborhood, and civic leaders.
Identifying solutions (programs, structures, policies, practices, and financial models) that might be outside our comfort zone
Learn from ourselves and others—a great deal of thinking and work has been done and has changed the positioning, importance, and funding in many other arenas.
Recognize that it will be hard and will take a long-term commitment—this is not a simple or obvious task. The political challenges, economic constraints, competing interests, priority gaps, and complexities are all real and significant challenges.
And ultimately we must:
Seize the moment—we are in a time of massive economic challenge, political, and generational change. Historically, the most significant reforms and investments in social capital and game-changing approaches have been accomplished during similar periods of challenge and transformation. We are in a time when policymakers will have to address significant structural changes and where the body politic is in play with pendulum swings left and right that demonstrate a willingness to risk the status quo.
Events of this magnitude can be explained and understood by making a brief but important introduction on what is Cultural Diplomacy and its enormous benefits for countries that adopt such diplomacy to emerge in the international context.
“Cultural Diplomacy may best be described as a course of actions, which are based on and utilize the exchange of ideas, values, traditions and other aspects of culture or identity, whether to strengthen relationships, enhance socio-cultural cooperation or promote national interests; Cultural diplomacy can be practiced by either the public sector, private sector or civil society.”
Whilst the term “cultural diplomacy” has only recently been established, evidence of its practice can be seen throughout history and has existed for centuries. Explorers, travelers, traders, teachers and artists can be all considered living examples of “informal ambassadors” or early “cultural diplomats” (for example, the establishment of regular trade routes enables a frequent exchange of information and cultural gifts between traders and government representatives). Such deliberate efforts of cultural exchange can be identified as early examples of cultural diplomacy. Indeed, any person who interacts with different cultures, (currently or in the past), facilitates a form of cultural exchange, which can take place in fields such as art, sports, literature, music, science, business & economy and beyond.Through the interaction of peoples, the exchange of language, religion, ideas, arts and societal structures have consistently improved relations between divergent groups.
Cultural Diplomacy in Practice Cultural diplomacy in practice (or applied cultural diplomacy) is the application and implementation of the theory of cultural diplomacy, including all models that have been practiced throughout history by individual, community, state or institutional actors in order to facilitate and improve relations and collaboration between disparate cultures. These models include for example diverse cultural exchange programs, international delegations (e.g., American jazz ambassadors) or sports competitions. The examples are uniquely able to affect intercultural and interfaith understanding and promote reconciliation.
The Importance of Cultural Diplomacy in an increasingly globalized, interdependent world, in which the proliferation of mass communication technology ensures we all have greater access to each other than ever before, cultural diplomacy is critical to fostering peace & stability throughout the world. Cultural diplomacy, when learned and applied at all levels, possesses the unique ability to influence the “Global Public Opinion” and ideology of individuals, communities, cultures or nations, which can accelerate the realization of the 5 principles below. By accomplishing the first principle, one enables the second, which in turn enables the third until the fifth ultimate principle of global peace and stability is achieved.
The principles are:
- Respect & Recognition of Cultural Diversity & Heritage
- Global Intercultural Dialogue
- Justice, Equality & Interdependence
- The Protection of International Human Rights
- Global Peace & Stability
Cultural Diplomacy & the Public Sector, Two broad approaches to conducting regional and international relations can be distinguished; that of ‘hard power’ and ‘soft power’, but this is another story.
Cultural Diplomacy & the Private Sector As the move towards more socially responsible business practices gains momentum, the ability to understand and embrace the different values and needs of diverse cultures and societies becomes ever more important. There are many reasons why corporations need to be aware of the differences between cultures in their strategic decision-making process and adopt cultural diplomacy models into their agenda:
- In the era of growing social awareness, corporates with culturally sensitive marketing plans and campaigns will enjoy a positive public opinion and good image, thus financially perform better.
- Companies seeking to expand abroad will encounter problems unless they conduct research into, and act according to the cultural differences with the host country.
- Companies with a national focus face a related challenge in ensuring that they are aware of and sensitive to national cultural minorities.
Ultimately, the goal of cultural diplomacy is to influence a foreign audience and use that influence, which is built up over the long term, as a sort of good will reserve to win support for policies. It seeks to harness the elements of culture to induce foreigners to:
- Have a positive view of the country’s people, culture and policies,
- Induce greater cooperation between nations,
- Aid in changing the policies or political environment of the target nation,
- Prevent, manage and mitigate conflict with the target nation.
In turn, cultural diplomacy can help a nation better understand the foreign nation it is engaged with and foster mutual understanding. Cultural diplomacy is a way of conducting international relations without expecting anything in return in the way that traditional diplomacy typically expects. Cultural exchange programs work as a medium to relay a favourable impression of the foreign country in order to gain outsiders’ understanding and approval in their cultural practices and naturalize their social norms among other cultures.
Generally, cultural diplomacy is more focused on the longer term and less on specific policy matters. The intent is to build up influence over the long term for when it is needed by engaging people directly. This influence has implications ranging from national security to increasing tourism and commercial opportunities. It allows the government to create a “foundation of trust” and a mutual understanding that is neutral and built on people-to-people contact. Another unique and important element of cultural diplomacy is its ability to reach youth, non-elites and other audiences outside of the traditional embassy circuit. In short, cultural diplomacy plants the seeds of ideals, ideas, political arguments, spiritual perceptions and a general view point of the world that may or may not flourish in a foreign nation.
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