Sustainable Competitive Advantage of Cultural Heritage Sites: Three Destinations in East Asia

Abstract

Cultural heritage plays an important role in the creation of creative cities, giving them a new lease of life and generating employment opportunities and local economies in the process. The revitalisation and development of cultural heritage and intangible cultural heritage have become a major part of national development policies worldwide. This study adopts a multiple case analysis approach. Four cultural heritages of three destinations in East Asia (Hong Kong, Macau and Taiwan) were selected as case studies because they have all adopted a public–private partnership approach to the conservation and reuse of historic buildings. In this study, semi-structured interviews were conducted and secondary data collected from a variety of sources to bring the findings of this study closer to the practical development of cultural heritage. Base on Five Forces analysis, we propose an “Extended Five Forces” model of cultural heritage. The new component, i.e., historical landscapes and cultural sustainability, is proposed to expand the theoretical foundations of the sustainable management of cultural heritage. The findings show how they can collaborate with communities to create value and gain a sustainable competitive advantage on a global scale and contribute to the sustainable management of cultural heritage in Asia.

Spatial and Temporal Distribution Characteristics and Influential Mechanisms of China’s Industrial Landscape Based on Geodetector

“…Moreover, areas with a concentration of national key cultural heritage conservation units often serve as historical repositories, creating a favorable atmosphere for the expansion of creative and cultural industries [78]. It deserves special mention that the spatial distribution of industrial landscapes benefits significantly from a rich cultural heritage given that industrial buildings are highly suitable for transformation into cultural and creative centers, thanks to their spatial characteristics and historical value [79].…”

It Is Our Turn to Innovate: Innovation as the Engine of Economic Prosperity in South America

“…The vast amount of preceding literature has evidenced a positive relationship between technological innovation and the economic growth of countries in South America (Alvarez et al, 2023;Avila-Lopez et al, 2019;Ng et al, 2023). However, what is missing in the literature is how patents influence these countries' innovation and economic development as measured by the GDP/GDP per capita.…”

“…Switzerland, Sweden, and Israel are excellent examples of midsize economies that have maintained economic growth through investment in R&D, innovation, and technological development (Alvarez et al, 2023). Similarly, South Korea, Taiwan, Singapore, Hong Kong, and China have also gained a substantial competitive edge internationally by enhancing their export performance by incorporating innovation and new technologies (Ng et al, 2023).…”

Tourism and Travel Competitiveness Index: From Theoretical Definition to Practical Analysis in Romania

“…The competitiveness of a destination refers to how it offers an "innovative product" or a unique tourist experience within the tourist stay [79]. The competitiveness of the destination represents the capacity of the tourist destination to attract and retain tourists, at the same time, generating economic benefits from visiting it [36,38,[80][81][82].…”