The Role of Social Capital within Local Business Networks in a Low-trust Transitional Environment

Ivy, Julia; McKeever, Edward; Perényi, Áron

doi:10.5465/ambpp.2018.79

Cited by 2 publications

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“…); it may be argued that there are some societies with low level or no social capital. However, there is a growing consensus among the authors that social capital is an ability of persons to gain benefits from specific social structures they are involved in on the basis of trust, shared norms and values (Tsai, Ghoshal, 1998, Adler, Kwon, 2002, Kwon, Adler, 2014, Ivy et al, 2018. Thus, social capital is present in every society where both formal and informal networks exist.…”

Section: Social Capitalmentioning

confidence: 99%

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2019

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Section: Social Capitalmentioning

confidence: 99%

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2019

HSSL

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Section: Social Capitalmentioning

confidence: 99%

Human Capital and Social Capital as Important Components of Innovation Ecosystems and Economic Development

Baumane-Vītoliņa¹,

Dudek²,

Solarz³

et al. 2019

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There has been a long debate on the factors and conditions that are affecting economic development and progress. It is clear that multiple components from various domains are interplaying and creating unique circumstances, which are impossible to copy and imply one by one in a different context. Moreover, none of development processes is appearing in a linear mode and past performance does not predict future success, even though it does create some preconditions and path dependency, which affects socioeconomic development of each country and region. In this article, the authors are integrating several major aspects of economic development-namely, human capital, social capital and innovation ecosystems. The authors propose a novel framework to study economic development through the lenses of 'soft' components and argue that sustainable development is possible only when human and social capital intervene and result in innovation ecosystems, which, on their turn are supported by active and genuine collaboration of the government, academic and business sectors. To illustrate this framework, the authors focus on several cases in developing countries, which appeared as more successful or less successful and explain that through development of social and human capital.

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The Role of Social Capital within Local Business Networks in a Low-trust Transitional Environment

Cited by 2 publications

References 0 publications

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Human Capital and Social Capital as Important Components of Innovation Ecosystems and Economic Development

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