National Intellectual Capital of Mongolia
Margad-Erdene Sandui
Abstract
Margad-Erdene Sandui
Abstract
The purpose of this study is to explore and explain what the National Intellectual Capital of Mongolia is, and its national wealth and factors that affect national competitive advantage using secondary data from worldwide sources in the last 10 years. National Intellectual Capital consists of five types of component capitals which are Human capital, Market capital, Process capital, Renewal capital and Financial capital. There are important arising countries with value, but still ignored by intellectual capital research, like Mongolia. Mongolians try to use the limited capital of mining first, but they need to develop the industry of unlimited resource, which is intellectual capital. National Intellectual Capital is an important aspect for the decision-making of policy makers and foriegn investers.
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The purpose of this study is to explore and explain what the National Intellectual Capital of Mongolia is, and its national wealth and factors that affect national competitive advantage using secondary data from worldwide sources in the last 10 years. National Intellectual Capital consists of five types of component capitals which are Human capital, Market capital, Process capital, Renewal capital and Financial capital. There are important arising countries with value, but still ignored by intellectual capital research, like Mongolia. Mongolians try to use the limited capital of mining first, but they need to develop the industry of unlimited resource, which is intellectual capital. National Intellectual Capital is an important aspect for the decision-making of policy makers and foriegn investers.
Key concepts: Financial capital, Intellectual capital, Economic capital, Capital (architecture), Business, Capital formation, Physical capital, Individual capital