National Intellectual Capital and the Financial Crisis in Brazil, Russia, India, China, Korea, and South Africa

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...

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Bibliographic Details
Main Authors: Lin, Carol Yeh-Yun. (Author), Edvinsson, Leif. (Author), Chen, Jeffrey. (Author), Beding, Tord. (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic
Language:English
Published: New York, NY : Springer New York : Imprint: Springer, 2013.
Series:SpringerBriefs in Economics, 18
Subjects:
Online Access:https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-1-4614-6089-3
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505 0 # |a Foreword: Markku Markkula -- Foreword: Bror Salmelin -- Foreword: Se-Hwa Wu -- Preface: Leif Edvinsson -- Preface: Carol Yeh-Yun Lin -- Executive Summary -- 1. Introduction -- 2. Impact of the 2008 Global Financial Crisis -- 3. National Intellectual Capital Development of the Six BRICKS Countries -- 4. Beyond the 2008 Global Financial Crisis -- 5. Future Perspective and Policy Implications -- Appendices -- Glossary -- References -- Subject Index -- Author Index. 
520 # # |a 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 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 the BRICKS Brazil, Russia, India, China, Korea, and South Africa. 
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