A report of Mongolia’s renewal capital

In a dynamically changing world, a major part of a nation’s competitiveness comes from its capacity of renewing itself to fit the global environment. Those resources that constitute the foundation of such capacity is called renewal capital of a nation. Multiple indicators and measures of renewal cap...

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Bibliographic Details
Published inJournal of Economic and Social Thought Vol. 4; no. 3; p. 301
Main Authors Kuo-Ming, CHU, SANDUI, Margad-Erdene
Format Journal Article
LanguageEnglish
Published Istanbul KSP Journals 01.09.2017
Subjects
Research & development expenditures
Mongolia
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Summary:In a dynamically changing world, a major part of a nation’s competitiveness comes from its capacity of renewing itself to fit the global environment. Those resources that constitute the foundation of such capacity is called renewal capital of a nation. Multiple indicators and measures of renewal capital of Mongolia were analyzed and reported here in this present paper. We found that first, Mongolia needs more regular, large-scale data collection in regard to its national renewal capital, in order to know the directions of improvement and investment; second, while R&D spending and patent usage of businesses need to be stimulated more, scientific publication has potential to grow and contribute to renewal. These results shed lights on the policy making and business practices.
ISSN:2149-0422
2149-0422
DOI:10.1453/jest.v4i3.1407