THE ECONOMICS OF SOCIAL CAPITAL: BUILDING TRUST FOR ECONOMIC DEVELOPMENT

Authors

  • Prof. Imran Ahmed Department of Economics, University of Punjab, Lahore, Pakistan Author

Keywords:

Social capital, trust, economic development, economic growth, social networks, reciprocity, institutions

Abstract

Social capital, defined as the networks of trust and reciprocity within a society, has been increasingly recognized as a crucial factor in economic development. This article explores the economic implications of social capital, focusing on its role in facilitating cooperation, reducing transaction costs, and fostering innovation. It also examines the challenges of building and sustaining social capital, and discusses policy interventions that can promote its growth.

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Published

2019-12-31

Issue

Vol. 3 No. 01 (2019): Journal of Applied Finance and Economic Policy

Section

Research Articles

License

Copyright (c) 2019 Prof. Imran Ahmed (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

All articles in the Journal of Applied Finance and Economic Policy are published under the Creative Commons Attribution 4.0 (CC BY 4.0) license. Users may share, distribute, and adapt the content for any purpose, including commercial use, provided proper credit is given to the authors and the journal.