The Importance of Intangible Resources in Regional Developing:human capital, social capital

Florina Popa

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 463-467

Abstract: A region’s competitiveness is the product of its creative, attractive and maintenance activities which may increase its influence, assuming that for a sustainable economic development there are needed both the existence of resources and the implementation of some policies conductive to growth,employment and stability. The study focuses on the importance of intangible resources highlighting – human capital, social capital, the relationships they create within the region and the influence they have on whole region’s development. The human captial constitutes a central element of the development’s endogenous resources; the functioning of human resources is a basic element of performance to any organization. Skill level is part of the competition between firms, so human resources become a central factor in achieving competitiveness, also taking into account the new opportunities offered by technology. The social capital - also a key factor in the development of the region, represents the relations of authority, trust and norms of reciprocity which develops in the organizational, institutional and social framework, within the individuals do their activities. The term of social capital can be understood as a product of the interaction between institutions (formal or informal) and labor processes in a society that can be exogenously or endogenously determined.

Keywords: regional development; competitiveness; intangible resources; human capital; social capital (search for similar items in EconPapers)
JEL-codes: R0 R11 R58 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:463-467

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