Social Capital

2970 WordsMar 29, 200912 Pages
ABSTRACT Nowadays, many social scientists agree that social capital is present and positively contributes to economic growth in the light of many studies. In other words, social capital is important to the efficient functioning of modern economies. It constitutes the cultural component of modern societies, which in other respects have been organized since the enlightenment on the basis of formal institutions, the rule of law, and rationality. Building social capital has typically been seen as a task for second generation economic reform; but unlike economic policies or even economic institutions, social capital cannot be so easily created or shaped by public policy. This project will define social capital, explore its economic and…show more content…
The variable t itself constitutes a separate of measure of civil society; unfortunately, limitations in the data prohibit our knowing what t is for a given society, or how many missing or undercounted data elements there are between n1 and nt. A number of attempts have been made to produce censuses of groups and associations in the United States. One was done by the US Department of Commerce in 1949, which estimated that there were 201,000 nonprofit voluntary trade and business organizations, women's groups, labor unions, civic service groups, luncheon clubs, and professional groups at all levels of American society.Lester Salamon estimates that by 1989 there were 1.14 million nonprofits in the US, indicating an overall rate of growth much higher than that of the population as a whole The near-impossibility of producing a complete census that catalogues the whole range of informal networks and cliques in a modern society is suggested by the Yankee City study, which counted some 22,000 different groups in a community of 17,000 people. Changing technology changes forms of association: how do we account for the proliferation of on-line discussion groups, chat rooms, and e-mail conversations that have exploded with the spread of personal computers in the 1990s? N and t may also be inversely correlated (that is, the larger the average size of groups, the
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