(Source: UNESCO - United Nations Educational, Scientific and Cultural Organization) Adopted by UNESCO in 2005, the Convention on the Protection and Promotion of the Diversity of Cultural Expressions came into force in 2007. It now has 141 signatory States and the European Union. Industrialized nations hold the biggest stake in exports Encouraging an equal flow of cultural goods and services from the developing world is a key guiding principle of the Convention. However, ten years after the adoption of the Convention, the sector remains largely dominated by industrialized countries. Out of the $212.8 billion in global exports of cultural goods, 46.7% is from developing nations, this compared...
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