Study: design becomes a fast-growing sector of Latvia's economy
Researchers at the Latvian Academy of Culture have found that design has become an important driver of competitiveness, innovation and productivity in Latvia's economy, extending far beyond its traditional role tied to aesthetics and product appearance.
Researchers at the Institute of Culture and Arts of the Latvian Academy of Culture (LKA) have conducted a study titled "Identifying the Design Economy and Its Significance in Latvia's National Economy." The study concludes that design plays a much broader role in the country's economy than is commonly assumed.
Design as a driver of competitiveness
According to the researchers, design can no longer be viewed merely as a process of shaping a product's outward appearance or aesthetics. It has become a significant factor influencing business competitiveness, fostering innovation, and boosting productivity across various sectors of the economy.
Why it matters
The findings suggest that Latvia's design sector is developing faster than previously assumed and could play a meaningful role in the country's future economic growth. The study frames design as an area closely linked to business development and technological progress, rather than solely to art or visual culture.
