The development of intangible assets through the cohesion policy

Anne-Marie Monika Roth and Popescu (Stingaciu), Ana-Maria

MPRA Paper from University Library of Munich, Germany

Abstract: Intangible assets in general and intellectual capital in particular are important to both society and organizations. It can be a source of competitive advantage for business and stimulate innovation that leads to wealth generation. Technological revolutions, the rise of the knowledge-based economy and the networked society have all led to the same conclusion that intangibles and how they contribute to value creation have to be appreciated so that the appropriate decisions can be made to protect and enhance them. The Cohesion Policy represents the main EU measure to ensure a balanced and sustainable growth in Europe by promoting harmonious development and reducing the regional disparities. The general objective of the paper is to highlight the important role of the Cohesion Policy in the development of intangible assets. The objectives and the instruments of the Cohesion Policy are designed to support programs on regional development, economic change, enhanced competitiveness and territorial cooperation through the European Union, to develop human resources and employability. The article also attempts to outline the trends of the Cohesion policy for the future by presenting a series of measures suggested by the European Commission through the Europe 2020 Strategy in order to develop intangible assets.

Keywords: intangible assets; intellectual capital; Cohesion policy; development (search for similar items in EconPapers)
JEL-codes: D24 G32 O34 O43 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-knm
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