Authors
Maria Rosário Cabrita, Cristina Cabrita
Publication date
2010/3/29
Journal
Proceedings of the European Conference on Intellectual Capital
Pages
171-179
Description
The knowledge economy has put the focus on innovation, creativity and networks as drivers of competitiveness and economic growth. This has shifted development perspectives from tangibles-based competitiveness to knowledge-driven competitiveness transforming the way the economy is organised and putting the emphasis on the emergence of a new type of capital. Arts and cultural-related industries, also known as “creative industries”, represent a form of capital that provides direct economic benefits to cities and regions. This creative capital, defined as the intrinsically human ability to create new ideas, new technologies, new business models, new cultural forms, and new industries can fuel the regional intellectual capital. One of the knowledge economy dominant paradigms is the active role that places–states/cities/regions–assume in the attraction and development of talented and competent people. The competition is fierce at a global level to attract talents generating a widespread consensus that economic prosperity and concentration of creative people go together. In such context, cities and regions all over the world devote a large number of works to be purposely designed for encouraging and cultivating the collective knowledge or intellectual capital, as capabilities to shape efficient and sustainable actions of welfare over time. Thus it is important for regional managers to be able to describe and nurture their regional knowledge base. This leads to an increased interest in the development of methods and tools for analysis and promotion of regional intellectual capital, as a capacity of a city/region to create wealth and intangible assets. A …
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