Social Capital and Civil Society
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Summary:
Social capital is an instantiated informal norm that promotes cooperation between individuals. In the economic sphere it reduces transaction costs, and in the political sphere it promotes the kind of associational life that is necessary for the success of limited government and modern democracy. Although social capital often arises from iterated Prisoner’s Dilemma games, it also is a byproduct of religion, tradition, shared historical experience, and other types of cultural norms. Thus whereas awareness of social capital is often critical for understanding development, it is difficult to generate through public policy.
Series:
Working Paper No. 2000/074
Subject:
Civil society Economic sectors Education Financial institutions Human capital Labor Social networks Stocks Technology
English
Publication Date:
March 1, 2000
ISBN/ISSN:
9781451849585/1018-5941
Stock No:
WPIEA0742000
Pages:
18
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