Various recent developments, eg the 'new economic geography' as exemplified by say, Krugman, P. (1991) or work originating in the business literature (Porter 1998), point to industrial and intellectual capital clusters as key factors associated with economic development. Indeed recent evidence...

Intellectual capital (IC) has proven to be under valuated in many countries over the world. This paper provides some evidence that Latvia is not an exception. Author has used the research methods applied in the research on financial sector by the Malaysian, Finnish and Brazilian scientists to...