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Knowledge (Intellectual) Capital is a firm’s source of
“Today's most technologically advanced economies are truly knowledge-based” World Development Report, 1999. For countries in the vanguard of the world economy, the balance between knowledge and resources has shifted so far towards the former, that knowledge has become perhaps the most important factor determining the standard of living - more than land, tools and labor.

Other renowned economists Related Articles

Singing All The Way To The Bank: How Lopez Achieved Success
“A few years down the line, you wake up in a certain place and wonder how the hell you got there,” says Lopez. How did a girl from the Bronx grow up to become one of the world’s most renowned actresses, dancers, singers, fashion designers and producers in the world?
Wanted: jobs for Africa’s youth - ‘Bad policy’
Since the mid-1990s, economic performance has improved significantly in many African countries, with average annual growth in gross domestic product (GDP) rising steadily from less than 3 per cent in 1998 to 5 per cent in 2005. In theory, according to many economists, this should have led to higher employment.

The Greatest Depression
The economy is bad. Nobody is buying homes. The recession’s coming. Every time you turn around Economists predict doom and gloom. That’s enough to get you into a great depression, if you let it.In this article Billy Cox gives you specific action steps you can take to guard your mind from the negatives and keep clearly focused on the results you want to achieve.

The Shapes That Model Retail
There has been a tremendous amount of discussion by economists and government experts in regard to the type of recession we are in, as well as the possible ways we could come out of it. There are varied opinions and speculation as to where things go from here. This is pretty clearly demonstrated in the different models, or 'shapes', that the recovery might take, which have come to be characterized by various letters of the alphabet. Although Economists may track and analyze a number of economic issues and trends that would also impact retailers, it is from an aggregate level. So the question is, what will the economic recovery look like at a place where all the trends come together at once - such as in your own company’s financials?

Recovery or No Recovery? That is the Question.
James Dicks examines the discrepancies of what economists are telling us about a possible technical economic recovery and what the American public is actually experiencing.

HR Trends for 2010 and Beyond
Economists predict that recovery is unlikely until 2011. As the economy continues struggle, what should HR professionals expect to see through 2011?
Importance of Entrepreneurship
Going through the process of entrepreneurship was a tough time for entrepreneurs and marketers alike during the 1970s because economists did not pay them much attention at that time. Now, many economists believe that entrepreneurs are contributing a lot to the economy of a country because of the small businesses that they are generating, which in turn creates jobs and productivity.
Retail Consumer Spending In 2011
While the first half of 2011 saw an increase in consumer spending trends, some economists warn that the good news may not last. The second half of the year is seeing a decline. A retail recession may be just over the horizon.

“Buy on Emotion” now supported by brain scans.
There's a tendency for Salespeople to concentrate on logic because they feel that emotions are too flaky to have any real importance on a buying decision. But Economists have recently embraced the idea that irrational psychology, rather than cool calculation, plays a significant role in buying decisions.

Dos and Don'ts for Filling Your Mastermind, Mentorship or Coaching Program
Before I get started, let me say that you don't have to be a world-renowned expert before attracting people to work with you in a deep, lasting and meaningful way. If you feel inspired to offer a six-month or year-long mastermind, mentorship or group coaching program, consider doing it.

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