Lin et al - National Intellectual Capital and the Financial Crisis in Austria, Belgium, The Netherlands, and Switzerland (2014).pdf

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SPRINGER BRIEFS IN ECONOMICS
Carol Yeh-Yun Lin · Leif Edvinsson
Jeffrey Chen · Tord Beding
National Intellectual
Capital and the
Financial Crisis in
Austria, Belgium,
The Netherlands,
and Switzerland
SpringerBriefs in Economics
For further volumes:
http://www.springer.com/series/8876
Carol Yeh-Yun Lin Leif Edvinsson
Jeffrey Chen Tord Beding
•
•
National Intellectual Capital
and the Financial Crisis in
Austria, Belgium,
The Netherlands,
and Switzerland
123
Carol Yeh-Yun Lin
Department of Business Administration
National Chengchi University
Taipei
Taiwan
Leif Edvinsson
Universal Networking Intellectual Capital
Norrtälje
Sweden
Jeffrey Chen
Accenture
Chicago, IL
USA
Tord Beding
TC-Growth AB
Karlstad
Sweden
ISSN 2191-5504
ISBN 978-1-4614-8020-4
DOI 10.1007/978-1-4614-8021-1
ISSN 2191-5512 (electronic)
ISBN 978-1-4614-8021-1 (eBook)
Springer New York Heidelberg Dordrecht London
Library of Congress Control Number: 2013940445
Ó
The Author(s) 2014
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Foreword I
The economic crisis is a consequence of many parallel factors which are all related
to globalization and digitalization. My main concern, assessing this in more detail
from the European perspective, is that revolutionary global forces have not been
taken early nor seriously enough by most national and regional decision makers.
The Heads of European States and Governments have once again recalled the
importance of fiscal consolidation, structural reform, and targeted investment to
put Europe back on the path of smart, sustainable, and inclusive growth. The main
question is how capable and ready are the national governments to tackling the
complex and manifold issues of crises and to renewing even radically many of our
public and private structures and processes.
The first basic requirement is that all the European Union Member States
remain fully committed to taking the actions required at the national level to
achieve the objectives of the Europe 2020 Strategy. The second basic requirement
is that the national and regional governments, as well as people, are ready for
radical changes. This booklet, and the other 11 booklets by the experienced
authors, focus on National intellectual capital (NIC) and give necessary insights
and facts for us the readers and especially for our in-depth systemic thinking of the
interrelationships of NIC and economic recovery.
How should the national and regional decision makers tackle the existing
knowledge of intangible capital? The focus needs to be more on the bottom-up
approach stressing the developments on local and regional levels. I highlight our
recent statements by the EU Committee of the Regions. The key priorities are to
get more innovations out of research and to encourage mindset change towards
open innovation.
The political decision makers are finally aware that the traditional indicators
created for and used in industrial production cannot be applied to a knowledge-
intensive, turbulent, and innovativeness-based global enterprise environment.
Indicators that perceive the intangible dimensions of competitiveness—knowledge
capital, innovation knowledge, and anticipation of the future—have been devel-
oped around the world, but their use has not yet become established in practice.
This booklet accelerates the development and the use of these indicators.
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