National Intellectual Capital and the Financial Crisis in Denmark, Finland, Iceland, Norway, and Sweden

  • Carol Yeh-Yun Lin
  • Leif Edvinsson
  • Jeffrey Chen
  • Tord Beding

Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Table of contents

  1. Front Matter
    Pages i-xxvii
  2. Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
    Pages 1-6
  3. Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
    Pages 7-19
  4. Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
    Pages 21-62
  5. Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
    Pages 63-71
  6. Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
    Pages 73-88
  7. Back Matter
    Pages 89-113

About this book

Introduction

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 Denmark, Finland, Iceland, Norway, and Sweden.

Keywords

Competitiveness Economic policy Financial capital Human capital Innovation Intangible assets

Authors and affiliations

  • Carol Yeh-Yun Lin
    • 1
  • Leif Edvinsson
    • 2
  • Jeffrey Chen
    • 3
  • Tord Beding
    • 4
  1. 1.Department of Business AdministrationNational Chengchi UniversityTaipeiTaiwan
  2. 2.Universal Networking Intellectual CapitalNorrtäljeSweden
  3. 3.AccentureChicagoUSA
  4. 4.TC-Growth ABKarlstadSweden

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4614-9536-9
  • Copyright Information The Author(s) 2014
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4614-9535-2
  • Online ISBN 978-1-4614-9536-9
  • Series Print ISSN 2191-5504
  • Series Online ISSN 2191-5512
  • About this book