Introduction

Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen and Tord Beding
Additional contact information
Carol Yeh-Yun Lin: National Chengchi University
Leif Edvinsson: Universal Networking Intellectual Capital
Jeffrey Chen: Accenture
Tord Beding: TC-Growth AB

Chapter Chapter 1 in National Intellectual Capital and the Financial Crisis in Greece, Italy, Portugal, and Spain, 2013, pp 1-4 from Springer

Abstract: Abstract In the first decade of the new millennium, the biggest event that caught worldwide attention was the 2008 global financial crisis, which was brought about primarily by ineffective governance, failed surveillance systems, and implementation flaws. These problems are mainly intangible in nature. Therefore, examining the financial crisis from the viewpoint of intangible asset provides a different perspective from traditional economic approaches. National intellectual capital (NIC), mainly consisting 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. This booklet looks into the connections between the 2008 global financial crisis and NIC development with a special focus on Greece, Italy, Portugal, and Spain. In addition to the summaries of financial crisis impact, aftermath, future prospects, and challenges of each individual country, NIC analysis based on data covering 2005–2010 for 48 countries reveals that the higher the NIC, the higher the GDP per capita (ppp). Graphical presentations of various types allow for intra-country and intercountry comparisons to position the reported four countries on a world map of NIC-GDP co-development. By looking into tangible economic development along with intangible NIC development, this booklet provides valuable implications for policy makers.

Keywords: Financial Crisis; Central Bank; Global Financial Crisis; Intangible Asset; Southern European Country (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-1-4614-5990-3_1

Ordering information: This item can be ordered from
http://www.springer.com/9781461459903

DOI: 10.1007/978-1-4614-5990-3_1

Access Statistics for this chapter

More chapters in SpringerBriefs in Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().