A report of Mongolia’s renewal capital

Kuo-Ming CHU, Margad-Erdene SANDUI

Abstract


Abstract. In a dynamically changing world, a major part of a nation’s competitiveness comes from its capacity of renewing itself to fit the global environment. Those resources that constitute the foundation of such capacity is called renewal capital of a nation. Multiple indicators and measures of renewal capital of Mongolia were analyzed and reported here in this present paper. We found that: first, Mongolia needs more regular, large-scale data collection in regard to its national renewal capital, in order to know the directions of improvement and investment; second, while R&D spending and patent usage of businesses need to be stimulated more, scientific publication has potential to grow and contribute to renewal. These results shed lights on the policy making and business practices. 

Keywords. Renewal capital, National wealth, Intangible assets, Mongolia.

JEL. M10, M11, M14.

Keywords


Renewal capital, National wealth; Intangible assets; Mongolia.

Full Text:


References


Bontis, N. (2001). Assessing knowledge assets: A review of the models used to measure intellectual capital. International Journal of Management Reviews, 3(1), 41–60. doi. 10.1111/1468-2370.00053

Brooking, A. (1996). Intellectual Capital. London: International Thomson Business Press.

Edvinsson, L. (2002.). The new knowledge economics. Business Strategy Review, 13(3), 72–76. doi. 10.1111/1467-8616.00225

Enkhbaigali, B. (2006). Economic Based on Knowledge, Ulaanbaatar.

Garcia-Ayuso, M. (2003). Intangibles: Lessons from the past and a look into the future. Journal of Intellectual Capital, 4(4), 597–604. doi. 10.1108/14691930310504590

Lin, C., & Edvinsson, L. (2011). National Intellectual Capital A Comparison of 40 Countries, Springer.

Roos, G., Pike, S., & Fernström, L. (2006). Managing Intellectual Capital in Practice, Butterworth-Heinemann, an imprint of Elsevier, USA.

Stewart, T.A. (1997). Intellectual Capital: The New Wealth of Organizations. New York: Nicholas Brealey.

World Bank, (1999). Knowledge for Development: World Development Report. New York, NY: Oxford University Press.




DOI: http://dx.doi.org/10.1453/jest.v4i3.1407

Refbacks

  • There are currently no refbacks.




Journal of Economic and Social Thought - J. Econ. Soc. Thoug. - JEST - www.kspjournals.org

ISSN: 2149-0422. Editor : editor-jest@kspjournals.org   Secretarial: secretarial@kspjournals.org   Istanbul - Turkey.

Copyright © KSP Journals