This book is the result of a two-year interdisciplinary research
programme named PRISM (Policy making, Reporting and measuring,
Intangibles, Skills development and Management), financed by the
European Commission and aimed both at understanding better how
these assets are created and developed and what the policy
implications of their growing importance in economies are. The book
focuses on the policy issues raised by the increasing importance of
intangible assets in a country's growth and competitiveness. The
main idea is that the value of intangible assets, which is
imperfectly captured by current economic indicators and imperfectly
formalized in economic theory, lies in their being the cumulative
elements that keep the economy together - the glue of the system.
This argument leads to the focus on networks and social capital as
drivers of the development of intangible assets and is illustrated
by the case of EU innovation and knowledge diffusion policy.
General
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