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Which "Social Capital" is important for Economical Growth?

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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...

"Social Capital" Definitions

Social capital has been there since the initial formation of a society, but the notion of studying and defining social capital started in early 1950’s. Ever since, several sociologists have came up with several definitions for social capital. The diversity presented in the definitions was very remarkable as researchers from different disciplines had different way of defining social capital. Economists, political sociologists, organizational sociologists, Information Technology specialists and many more experts from various different disciples had a different way of defining social capital. Even the definitions tend to change over time with the social changes of the world. In this paper we will look at three of such definitions. First definition is from a book published in the United State in early nineties that had a clear definition of social capital. It says that social capital is “those tangible assets [that] count for most in the daily lives of people: namely goodwill, fellow...