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July 22, 2005
Intellectual Capital for Communities
The World Bank hosted an interesting conference in June on Intellectual Capital for Communities in the Knowledge Economy: Nations, Regions and Cities:
Intangibles (intellectual capital) resources are now largely recognized as the most important sources of organizations' competitive advantage. At the corporate level, intangible investments (R&D, innovation, knowledge creation and fertilization, marketing and advertising expenditures) are now unanimously considered as the most important determinants of performance. At the macroeconomic level, new growth theories have already demonstrated the importance of knowledge in the performance of nations.
Adding value in the knowledge economy is inextricably linked to radical change in both societal assumptions and business models. Allocating resources to education, health and social services and our community infrastructure should not be based on cost but on the potential for value creation through knowledge.
A new political leadership agenda is evolving around intellectual capital of nations and other communities, with the focus on:
* How to visualize the knowledge capital of nations;
* How to develop intelligence flows within and between knowledge capital clusters;
* How to cultivate efficiency and renewal of the knowledge capital of regions;
* How to capitalize on knowledge capital, by new innovative social systems, in terms of the collective wealth of nations;
* How to make cities "intelligent".
Presentations from the following sessions are available on the website (see above):
Intellectual Capital and the Knowledge Economy
Intellectual Capital for Nations
Intellectual Capital for Regions
Looking at the Future, Research and Policy Agenda
Posted by Ken Jarboe at July 22, 2005 12:43 PM
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