Bridging intellectual capital and the competitiveness of nations
AbstractThis paper aims to explore the correlations between the competitiveness of nations, the spread of the knowledge-based economies and the way national intellectual capital is exerted. Following an exploratory data analysis, the study answers the following question: does IC truly affect the competitiveness of the countries? Deductive reasoning and a blend of qualitative and quantitative methods are used in the study. The paper analyzes the national IC along four dimensions: human capital, market capital, process capital and renewal capital. A pool of 10 countries is scrutinized through 23 indicators, pertaining to these dimensions. Results show that countries in the highest stage of development also rank high at innovation and competitiveness, which suggests that it is a positive correlation between these three variables. The countries in lower stages of development have weak positions, which means are not able to sustain reliable sources of competitive advantage. Moreover, their innovation patterns show a diminished potential for creating added value through developing new products and services. The originality of this study arises from attempting to shade more light regarding the importance of IC in the development of the countries in an inclusive manner.
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Bibliographic InfoArticle provided by Economic Publishing House in its journal Management & Marketing.
Volume (Year): 7 (2012)
Issue (Month): 1 (Spring)
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competitive development; national intellectual capital; innovation; wealth.;
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