Intellectual Capital as a Key Factor of Socio-economic Development of Regions and Countries

The main goal of the paper is to present the concept of intellectual capital (IC) from regional perspective and define intangible assets as knowledge that can be converted into value or profit. Most of the measurement methods designed by now apply for measuring the intellectual capital at corporate level. Some efforts are being made to present the IC concept in the regional perspective. Development of research on a new regional approach to the intellectual capital theory has been noticed. A sample model of IC for countries and its main sub-components have been presented as well. Some selected knowledge indicators for measuring intellectual capital at national level have been illustrated. The paper also introduces one of the methods for the assessment of countries’ knowledge economy – Knowledge Assessment Methodology (KAM).