There are important macro-economic reasons for interest in measuring Intellectual Capital. (IC). Governments of all persuasions are concerned with promoting economic growth, especially in the high-tech and service sectors. Encouragement of innovation in knowledge-intensive firms, dissemination of 'best practices' and investments in education have become hot poLiticaL issues. Nowadays there is overwhelming recognition among academics, researchers and practitioners about the importance of managing knowledge to survive in the marketplace. Intellectual Capital is knowledge that can be converted into competitive advantage, profit and wealth. The capacity to manage human intellect - and to transfer intellectual output into a service or a group of services embodied in a product - is becoming the critical executive skillof our era. The service sector creates approximately 80% of GDP and employs a similar share of workforce. Therefore it is the cities really - not countries - which arę the hubs for economic growth worldwide , induding Poland. The measurement of inteUectual capital of cities is a must in the knowledge economy. Local government should take efforts to evaluate the intangible assets and Look for ways for a morę efficient utilisation of intellectual capital t the local level.
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