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Über dieses Buch

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 Argentina, Brazil, Chile, Columbia, Mexico, and Venezuela.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction

Abstract
In early 2013, the International Monetary Fund (2013) projected that global growth will increase during 2013 as policy actions have lowered acute crisis risks in the Euro area and the United States. However, the recovery in the Euro area was slower than expected, Japan has slid into recession, and there are risks of excessive near-term fiscal consolidation in the United States. Nevertheless, policies have supported a modest growth pickup in some emerging market economies and global growth could be stronger if financial conditions continue to improve.
Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Chapter 2. Impact of the 2008 Global Financial Crisis

Abstract
This chapter first describes the common features of the Latin American countries reported in this booklet; next it graphically compares the GDP growth, total general government debt, unemployment rate, and consumer price inflation of the six economies during 2005–2010; and then it elaborates on the impact of the 2008 global financial crisis on each country individually.
Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Chapter 3. National Intellectual Capital Development of the Six Latin American Countries

Abstract
In this chapter, we first present the development of national intellectual capital in the six Latin American countries over the 6 years, then graphically display the relationship between each individual capital with GDP per capita (ppp), afterward we describe the relative position of the long-term and short-term intellectual capital in these six economies and explain the dynamics of national intellectual capital for three time periods (2005–2006, 2007–2008, and 2009–2010).
Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Chapter 4. Beyond the 2008 Global Financial Crisis

Abstract
This chapter reports activities after 2010, commonly regarded as the aftermath of the 2008 global financial crisis (Kehoe 2010). Although some European countries were still in sovereign debt troubles after 2010, such as Greece requesting another bailout in early 2012 and Spain asking for external financial assistance in June 2012, we use 2010 as a cutoff point in order to be consistent with the reports of other country clusters in this booklet series. In what follows, we first introduce the general status of the Latin American region, information regarding multiple countries, and then the condition of each individual country.
Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Chapter 5. Future Perspective and Policy Implications

Abstract
In early 2013, more than 4 years have passed since the outbreak of 2008 global financial crisis.
Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Backmatter

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