Osadchy E.A., Akhmetshin E.M. The Intellectual Capital Importance and the Role of Organizations Against the Backdrop of a Crisis: Innovation Vector. // Social Sciences (Pakistan). - 2015. - Vol.10, Is.6. - P.1013-1020.

Abstract

The study concerns, the problems of strengthening the currency of intellectual potential against the backdrop of a crisis. The researchers have revealed the role of the brain capital in the system of new economic relations of innovation production, analyzed the impact of the institutional changes on the development of economic relations. A special attention is paid to the fact that under present-day conditions the health level, qualification, skill to apply knowledge, competence are the basic elements that form new economic relations of innovation production. On the data basis of the concept of long-term socio-economic development of the Russian Federation for a period till the year 2020, it is stated that Russia falls behind the level of economic development of other countries in spite of its possessing high educational potential. It is explained by inefficient use of actual intellectual potential and irrational carrying out investment in it. On the basis of the research to be conduct