Can Social Capital Be the New Dynamics of Economic Development?
Can Social Capital Be the New Dynamics of Economic Development?

Summary/Abstract: Besides other capital types, social capital is such a kind of capital, which is re-vealed by the confidence level of the society and certain financial facts. This study questions whether the social capital could be new dynamics for the devel-opments of the countries along with other types of capitals (real capital and hu-man capital). According to the recent research it has been concluded that the social capital has some positive effects to decrease the asymmetric information; to gain trust, information sharing and competitive power; to increase the partici-pation in political life and social organizations; to fix the distribution of income; and to accelerate the economic growth. As a result, considering the fact that the countries with high confidence level have high humanitarian growth and high income per capita, it has been concluded that social capital may create new dy-namics of economic development.

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