Developing countries losing out in cultural trade

Three countries - the United Kingdom, United States and China - produced 40 percent of the world’s cultural trade products in 2002, while Latin America and Africa together accounted for less than four percent according to a new report published by the UNESCO Institute for Statistics.
Entitled, International Flows of Selected Cultural Goods and Services, 1994-2003, the report analyses cross-border trade data from about 120 countries on selected products, such as books, CDs, videogames and sculptures.