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A resource-based view and dynamic capabilities approach in the context of a region’s international attractiveness: The recent case of Western Australia

Alonso, AD and Kok, SK (2018) A resource-based view and dynamic capabilities approach in the context of a region’s international attractiveness: The recent case of Western Australia. Local Economy. ISSN 0269-0942

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Abstract

This exploratory study proposes a framework based on the resource view theory and the dynamic capabilities approach to further the understanding of a region’s attractiveness, particularly from an international perspective. The case of Western Australia is examined through in-depth, face-to-face interviews with nine country consuls experienced in international trade. The findings revealed significant ways in which Western Australia could enhance its future commercial appeal. The findings revealed the value of synergies between this state and other countries, particularly exchanging expertise, transferring knowledge, or exporting know-how, education, both university and industry-focused, research and development and expertise. These forms of regional attractiveness emphasise the strategic role of industry resources and dynamic capabilities, thus, underscoring the usefulness and applicability of the proposed framework. While the state’s mineral exports will continue to drive its economy, harnessing its potential in other areas is crucial to adapt to changing business environments and to build sustained competitive advantage. © 2018, The Author(s) 2018.

Item Type: Article
Uncontrolled Keywords: 1205 Urban And Regional Planning, 1402 Applied Economics, 1604 Human Geography
Subjects: H Social Sciences > HF Commerce > HF5001 Business
H Social Sciences > HD Industries. Land use. Labor
Divisions: Liverpool Business School
Publisher: Sage
Date Deposited: 12 Apr 2018 11:49
Last Modified: 16 Sep 2018 22:15
DOI or Identification number: 10.1177/0269094218765167
URI: http://researchonline.ljmu.ac.uk/id/eprint/8480

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