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Significance of Social Capital in Socio-economic Development of Bosnia and Herzegovina

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  • Zlatan Delić
  • Hariz Šarić
  • Nedim Osmanović

Abstract

Social capital is used in interdisciplinary research as an analytical tool for explaining how culture, trust, and cooperation between people may be put into a function of general good, economic development and society in general. The objective of this paper consists of identification and analysis of status in the field of groups and networks, trust and solidarity, collective action and cooperation, information and communication, social cohesion and inclusion, and empowerment and political action, as key dimensions of social capital, and all in the context of overview of its significance in socio-economic development of Bosnia and Herzegovina. For the purpose of implementation of the named aim, a secondary and primary research has been conducted (by surveying 100 members of the top management teams in Bosnian and Herzegovinian SMEs). The research results show a relatively unsatisfactory status in the area of observed dimensions of social capital in Bosnia and Herzegovina, and the decision makers and creators of socio-economic policies should put in a more significant effort in the area of development of social capital which has a significant potential in the context of incitement of socio-economic development.

Suggested Citation

  • Zlatan Delić & Hariz Šarić & Nedim Osmanović, 2017. "Significance of Social Capital in Socio-economic Development of Bosnia and Herzegovina," International Business Research, Canadian Center of Science and Education, vol. 10(3), pages 169-182, March.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:3:p:169-182
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    References listed on IDEAS

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    5. Stephen Knowles, 2006. "Is Social Capital Part of the Institutions Continuum and is it a Deep Determinant of Development?," WIDER Working Paper Series RP2006-25, World Institute for Development Economic Research (UNU-WIDER).
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    More about this item

    Keywords

    social capital; socio-economic development; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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