The National Intangible Resources and their Importance in the Current Knowledge-Based Economy

TL;DR

This paper analyzes models for assessing national intangible resources, evaluates Romania's position using international reports, and emphasizes the need for better management to boost innovation and economic growth.

Contribution

It categorizes evaluation methods for intangible resources and applies them to Romania, highlighting weaknesses and suggesting areas for strategic improvement.

Findings

Romania's intangible assets are weak compared to EU countries.

Current evaluation models are categorized into academic and organizational.

Romania needs to re-evaluate and focus on innovation performance.

Abstract

In this article, models for assessing national intangible resources are analysed through a lecture in the literature, and the best-known evaluation methods are categorized into academic models and models of international organizations, with the most important differences being identified. The European Innovation Scoreboard (EIS) and the World Economic Forum annual reports on Global Competitiveness were considered to assess Romania's position in the international context in terms of intangible assets. Despite the importance of intangible resources at national level and the fact that they are an important factor in determining economic growth in the current knowledge-based economy, this article concludes that Romania's position in the international context regarding intangible assets is very weak, with many weak points in research and innovation performance compared to other EU Member States. Therefore, there is a need in our country to re-evaluate the areas where all efforts need to be focused to stimulate innovation performance, to properly manage national intangible resources, a crucial process for improving the quality of life.