Which "Social Capital" is important for Economical Growth?
Social capital is viewed in three main dimensions; bonding, bridging and linking. Bonding is the connections between people in the similar cultural, family, educational, religious, and socioeconomic background. Bridging is the connections in-between two or more similar groups. Linking refers to the connections between people in different social strata and hierarchy. Most people have access to all three types to greater or lesser extent. Figure 1 given below shows the three main dimensions of social capital. Figure 1. The dimensions of social capital Bonding helps for the survival as it is the strong ties among people very similar to each other. Friends, family and close neighbors who belong to similar social strata and hierarchy are connected through bonding relationships. This gives strong mutual commitments among them making the trust among them very strong. Bonding relationships are also important in performing day to day activities. Bonding relationsh...