| 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 China, Hong Kong, Singapore, and Taiwan.
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