National Intellectual Capital and the Financial Crisis in Australia, Canada, Japan, New Zealand, and the United States

Resource Information

The work National Intellectual Capital and the Financial Crisis in Australia, Canada, Japan, New Zealand, and the United States represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

National Intellectual Capital and the Financial Crisis in Australia, Canada, Japan, New Zealand, and the United States

Statement of responsibility

by Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Creator

• Lin, Carol Yeh-Yun

Contributor

• Edvinsson, Leif
• Beding, Tord
• Chen, Jeffrey

Author

• Beding, Tord
• Chen, Jeffrey
• Lin, Carol Yeh-Yun
• Edvinsson, Leif

Author

• Beding, Tord
• Edvinsson, Leif
• Chen, Jeffrey

Subject

• Economic growth
• Economic policy
• Regional economics
• Spatial economics

Language

eng

Summary

In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused primarily by ineffective governance, failed surveillance systems, and implementation flaws. While fiscal and monetary policies succeeded in pulling many countries out of a financial freefall, most economies have performed beneath pre-recession levels as governments continued to struggle with their finances. Examining the financial crisis from the viewpoint of intangible assets provides a different perspective from traditional economic approaches. National Intellectual Capital (NIC), comprised mainly of human capital, market capital, process capital, renewal capital, and financial capital, is a valuable intangible asset and a key source of national competitive advantage in today’s knowledge economy. The authors—pioneers in the field—present extensive data and a rigorous conceptual framework to analyze the connections between the global financial crisis and NIC development. Covering the period from 2005 to 2010 across 48 countries, the authors establish a positive correlation between NIC and GDP per capita and consider the impact of NIC investment for short-term recovery and long-term risk control and strategy formulation. Each volume in a series of Springer Briefs on NIC and the financial crisis provides in-depth coverage of the impact of the crisis, the aftermath, future prospects, and policy implications for a regional cluster. This volume focuses on Australia, Canada, Japan, New Zealand, and the United States of America.--

Member of

• SpringerBriefs in Economics,

Assigning source

Provided by publisher

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Image bit depth

0

Literary form

non fiction

Nature of contents

dictionaries

Series statement

• SpringerBriefs in Economics,
• Springer eBooks.