SOCIO-CULTURAL CAPITAL AS A CAUSE OF ECONOMIC AND INSTITUTIONAL CRISIS IN MONTENEGRO, SERBIA AND BOSNIA AND HERZEGOVINA
SOCIO-CULTURAL CAPITAL AS A CAUSE OF ECONOMIC AND INSTITUTIONAL CRISIS IN MONTENEGRO, SERBIA AND BOSNIA AND HERZEGOVINA

Summary/Abstract: The subject of the article is to explain aspects and essential elements through which socio-cultural capital causes crisis effects (institutional, economic, and social) in the selected post-socialist countries of South-Eastern Europe – Montenegro (MNE), Serbia (SER), and Bosnia and Herzegovina (B&H). The aim of this paper is to: a) model the structure and the role of socio-cultural capital; b) draw attention to the negative impacts of path dependence and new neoliberal culture; and c) suggest a new methodological criterion for the division of integral components of socio-cultural capital (inherited and imposed factors), which affected its decline in those countries. Its starting hypothesis is that legacy factors (conditionally: path dependency) and imposed factors (external and internal origin) in the observed transition countries have caused an erosion of many socio-cultural contents, which has led to a slowdown in economic, institutional, and social growth. Besides common methods of social sciences, the survey method has been used. The survey results show that socio-cultural capital suffered a decline, mostly due to a stagnation of bridging social capital and an increase in linking social capital, that is, due to a greater impact of imposed factors (generated in the new neoliberal culture) than inherited factors.

• Details
• Contents