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Title National intellectual capital and the financial crisis in Denmark, Finland, Iceland, Norway, and Sweden / Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
Published New York : Springer, 2014

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Description 1 online resource (xxvii, 115 pages) : illustrations (some color)
Series SpringerBriefs in Economics, 2191-5504
SpringerBriefs in economics, 2191-5504
Contents Impact of 2008 Financial Crisis -- National Intellectual Capital Development of the Five Nordic Countries -- Beyond the 2008 Global Financial Crisis -- Future Perspectives and Policy Implications
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 SpringerBriefs 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 Denmark, Finland, Iceland, Norway, and Sweden
Bibliography Includes bibliographical references and indexes
Notes English
Online resource; title from PDF title page (SpringerLink, viewed November 18, 2013)
Subject Intellectual capital -- Scandinavia
Knowledge management -- Scandinavia
BUSINESS & ECONOMICS -- Industries -- General.
Science économique.
Affaires.
Economic policy
Intellectual capital
Knowledge management
SUBJECT Scandinavia -- Economic policy. http://id.loc.gov/authorities/subjects/sh2010007250
Subject Scandinavia
Form Electronic book
Author Lin, Carol Yeh-Yun, author.
ISBN 9781461495369
1461495369
1461495350
9781461495352