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This paper compares the role that cultural economic development has played in countries on both sides of the Atlantic. It evaluates reasons why the United States and Western European countries have pursued contrasting policies, and whether both have benefited from the paths they have taken. Although the dichotomy is not perfect, Western European countries have relied more on heritage goods, while the United States is more renowned for its intellectual property industries. The paper concludes with an argument that each regions strategy may be optimal, given its endowments and constraints.

The Role of Cultural Assets in European and United States Urban Regeneration