Social capital can promote economic development from "summary" of Bowling Alone: Revised and Updated by Robert D. Putnam
Social capital refers to the networks of relationships among people in a society that allow for cooperation and collaboration. These networks can take many forms, including friendships, family ties, community organizations, and professional networks. Social capital is based on trust, reciprocity, and a sense of shared norms and values. When people are connected through social capital, they are more likely to engage in mutually beneficial exchanges and collective action. In a community with strong social capital, individuals are more likely to trust one another, cooperate, and work towards common goals. This can lead to a range of positive outcomes, including economic development. Social capital can promote economic development in several ways. First, social capital can facilitate the flow of information and resources within a community. When people are connected through social networks, they are more likely to share knowledge, skills, and opportunities. This can lead to greater innovation, productivity, and efficiency, which...
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