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Framework for Measuring Intellectual Capital of Nations
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The evolving postindustrial world has confronted policy makers with a range of new challenges, demanding innovative strategies to deal with complex and interconnected issues in the knowledge economy. A critical challenge faced by nations today is to maintain economic growth and competitiveness in international markets. In the above perspective measurement and management of Intellectual Capital (IC) of a nation has now become acute for building wealth and value creation capacity of a country. Policy makers are in need of a strategic management tool to measure and develop IC assets of a country. The present research extends the framework of Skandia Navigator from the corporate level to the country level and develops a pragmatic tool on the extended framework to evaluate the intellectual capital of a country, finally we present a case study of Pakistan to understand the complexities involved in the process. The Intellectual Capital of Pakistan is measured with the help of National indices on five facets. The tool developed in the study can be used by policy makers for developing national policies for any country.
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