1.

Record Nr.

UNINA9910298542203321

Autore

Lin Carol Yeh-Yun

Titolo

National Intellectual Capital and the Financial Crisis in Australia, Canada, Japan, New Zealand, and the United States / / by Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Pubbl/distr/stampa

New York, NY : , : Springer New York : , : Imprint : Springer, , 2014

ISBN

1-4614-9308-0

Edizione

[1st ed. 2014.]

Descrizione fisica

1 online resource (137 p.)

Collana

SpringerBriefs in Economics, , 2191-5504

Disciplina

330

Soggetti

Economic growth

Economic policy

Regional economics

Spatial economics

Economic Growth

Economic Policy

R & D/Technology Policy

Regional/Spatial Science

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Five Advanced Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Perspectives and Policy Implications.

Sommario/riassunto

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 Springer Briefs 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 Australia, Canada, Japan, New Zealand, and the United States of America.