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Title National intellectual capital and the financial crisis in France, Germany, Ireland, and the United Kingdom / Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
Published New York : Springer, [2014]
Online access available from:
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Description 1 online resource (xxii, 113 pages) : illustrations (some color)
Series SpringerBriefs in economics, 2191-5504 ; volume 13
SpringerBriefs in economics ; volume 13. 2191-5504
Contents Impact of the 2008 Global Financial Crisis -- National Intellectual Capital Development of Four Large European 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 todays knowledge economy. The authorspioneers in the fieldpresent 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 France, Germany, Ireland, and the United Kingdom
Bibliography Includes bibliographical references (pages 105-108) and index
Notes Print version record
Subject Intellectual capital.
France -- Economic conditions -- 21st century.
Germany -- Economic conditions -- 21st century.
Ireland -- Economic conditions -- 1949-
United Kingdom -- Economic conditions -- 21st century.
Form Electronic book
Author Lin, Carol Yeh-Yun, author
LC no. 2013941349
ISBN 9781461481812 (electronic bk.)
1461481813 (electronic bk.)