This immensely readable book by Patrick François provides an original insight into the increasingly fashionable topic that is social capital. In a unique, original study, the author emphasises trustworthiness as a vital feature of social capital and argues that standard economic treatments of this phenomenon are inadequate. The book's richer
Previously the role of social capital - defined as the institutions and networks of relationships between people, and the associated norms and values - in programs of poverty alleviation and development has risen to considerable prominence. Although development practitioners have long suspected that social capital does affect the efficiency and quality of most development processes, this book provides the rigorous empirical results needed to confirm that impression and translate it into effective and informed policymaking. It is based on a large volume of collected data, relying equally on quantitative and qualitative research methodologies to establish approaches for measuring social capital and its impact. The book documents the pervasive role of social capital in accelerating poverty alleviation and rural development, facilitating the provision of goods and services, and easing political transition and recovery from civil conflicts.
This book addresses the role of social capital in promoting rural and local development. The recent financial and economic crises have exposed the European Union (EU) to an increased risk of social exclusion and poverty, which are now at the heart of its economic, employment and social agenda with explicit reference to rural and marginal areas (Europe 2020). The authors' work from the notion that rural development is not imposed from the ‘outside’, but depends also on endogenous factors, namely local cultural and ecological amenities, eco-system services, and economic links with urban areas which expand rural opportunities for innovation, competitiveness, employment and sustainable development. Social capital is of paramount importance because it helps build networks and trusting relations among local stakeholders in the public and private spheres, and supporting the enhancement of governance of natural resources in rural areas
The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.
The pursuit of sustainable development and smart growth is a main challenge today in countries around the world. Social capital is an asset of their territorial communities. It is also a precondition for national and local policies that aim to better the economic base and quality of life for all. This change is socially diffused, economically sustainable over time, and smart in its content. A significant stock of social capital facilitates such results because it links into the process of development planning institutional decision makers and socioeconomic stakeholders who share trust, solidarity norms, and a community vision. In the last thirty years, social capital has become a forceful concept in the social sciences, the subject of many scholarly works and a topic of keen interest and debate in policy circles. Yet the main focus has been on defining and measuring social capital, with little attention given to its value in promoting development policies. Social Capital in Development Planning updates and advances the debate on social capital through the analysis of the application of the concept of social capital to programs for sustainable and smart socioeconomic development; empirical findings; and a new paradigm for development planning.
This book focuses on the concepts of social capital, corporate social responsibility, and economic development in relation to economic theory of institutions and behavioural economics. It also takes a macroeconomic and empirical approach, on the relationship between social capital, ethical behaviour and economic development.
The idea of social capital allows scholars to assess the quality of relationships among people within a particular community and show how that quality affects the ability to achieve shared goals. With evidence collected from sixty-nine villages in India, Krishna investigates what social capital is, how it operates in practice, and what results it can be expected to produce. Does social capital provide a viable means for advancing economic development, promoting ethnic peace, and strengthening democratic governance? The world is richer than ever before, but more than a fifth of its people are poor and miserable. Civil wars and ethnic strife continue to mar prospects for peace. Democracy is in place in most countries, but large numbers of citizens do not benefit from it. How can development, peace and democracy become more fruitful for the ordinary citizen? This book shows how social capital is a crucial dimension of any solution to these problems.
This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
In this book, Sean Safford compares the recent history of Allentown, Pennsylvania, with that of Youngstown, Ohio. Allentown has seen a noticeable rebound over the course of the past twenty years. Facing a collapse of its steel-making firms, its economy has reinvented itself by transforming existing companies, building an entrepreneurial sector, and attracting inward investment. Youngstown was similar to Allentown in its industrial history, the composition of its labor force, and other important variables, and yet instead of adapting in the face of acute economic crisis, it fell into a mean race to the bottom.Challenging various theoretical perspectives on regional socioeconomic change, Why the Garden Club Couldn’t Save Youngstown argues that the structure of social networks among the cities’ economic, political, and civic leaders account for the divergent trajectories of post-industrial regions. It offers a probing historical explanation for the decline, fall, and unlikely rejuvenation of the Rust Belt. Emphasizing the power of social networks to shape action, determine access to and control over information and resources, define the contexts in which problems are viewed, and enable collective action in the face of externally generated crises, this book points toward present-day policy prescriptions for the ongoing plight of mature industrial regions in the U.S. and abroad.
This work details various methods of gauging social capital and provides illustrative case studies from Mali and India. It also offers a measuring instrument, the Social Capital Assessment Tool, that combines quantitative and qualitative approaches.
