National Intellectual Capital and the Financial Crisis in by Carol Yeh-Yun Lin

By Carol Yeh-Yun Lin

In the 1st decade of the twenty-first century, the most important occasion of globally share was once the 2008 worldwide monetary trouble, which used to be prompted basically by means of useless governance, failed surveillance platforms, and implementation flaws. whereas financial and fiscal guidelines succeeded in pulling many nations out of a monetary freefall, such a lot economies have played underneath pre-recession degrees as governments persisted to fight with their finances.

analyzing the monetary predicament from the point of view of intangible resources offers a unique point of view from conventional monetary techniques. nationwide highbrow Capital (NIC), comprised usually of human capital, marketplace capital, technique capital, renewal capital, and monetary capital, is a priceless intangible asset and a key resource of nationwide aggressive virtue in today’s wisdom economic climate. The authors—pioneers within the field—present wide facts and a rigorous conceptual framework to investigate the connections among the worldwide monetary situation and NIC improvement. masking the interval from 2005 to 2010 throughout forty eight international locations, the authors identify a good correlation among NIC and GDP in keeping with capita and look at the impression of NIC funding for temporary restoration and long term probability keep an eye on and approach formulation.

Each quantity in a sequence of SpringerBriefs on NIC and the monetary main issue presents in-depth insurance of the impression of the trouble, the aftermath, destiny clients, and coverage implications for a nearby cluster. This quantity specializes in Bulgaria, Czech Republic, Hungary, Romania, and Poland.

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Additional resources for National Intellectual Capital and the Financial Crisis in Bulgaria, Czech Republic, Hungary, Romania, and Poland

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Czechoslovakia was also under the Soviet influence after the WWII. With the collapse of Soviet-backed authority in 1989, the country regained its democracy. However, the ‘‘velvet divorce’’ split the country into two national components, the Czech Republic and Slovakia. The Czech Republic joined NATO in 1999 and the European Union in 2004. Hungary was also under Communist rule following WWII. In 1968, Hungary began liberalizing its economy and held its first multiparty elections in 1990 for a free market economy.

National Intellectual Capital Development The national intellectual capital measurement model in this study is based on the indicators described in Appendix 3, containing human capital, market capital, process capital, renewal capital, and financial capital. This model has been statistically validated for its validity and reliability, and the definitions of the indicators are listed in Appendix 4. This booklet series covers a total of 48 countries in 11 country clusters (see Appendix 5 for details).

Hungary started off with the second highest market capital in 2005, yet slid to the lowest in this country cluster. Poland, being the laggard in 2005, has continuous market capital increases over the years and has the third highest score in 2010. 31 Fig. 55 Fig. 2 Market capital of Bulgaria, the Czech Republic, Hungary, Poland, and Romania Process Capital National process capital represents the infrastructure required for building a prosperous society, such as capital availability, mobile phone subscribers, and government efficiency.

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