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From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!

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  • Sam Wong

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    Abstract

    This paper draws on the experiences of the Far East Economic Crisis in 1998 and argues that: (1) the poor depended heavily on bonding social capital during the Crisis, but the crunch-point beyond which they felt no longer able to rely on this is less certain; (2) bridging social capital could both be created and destroyed during the Crisis; (3) the impact of the Crisis affected men and women differently, but how different groups of men and women were affected by the Crisis is less clear; (4) NGOs could help build social capital with the poor, but their role could be restricted by financial difficulties. URL:[http://www.devstud.org.uk/aqadmin/media/uploads/4ab77d15a6783_2-wong-dsa09.pdf].

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:4398.

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    Date of creation: Aug 2011
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    Handle: RePEc:ess:wpaper:id:4398

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    Web page: http://www.esocialsciences.org

    Related research

    Keywords: women; men; poor; economic crisis; NGOs; financial difficulties; Far East economic crisis; asia; social capital; developing countires; gament industry; cambodia; kenya;

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    1. Floro, Maria & Dymski, Gary, 2000. "Financial Crisis, Gender, and Power: An Analytical Framework," World Development, Elsevier, vol. 28(7), pages 1269-1283, July.
    2. Mustafizur Rahman & Khondaker Golam Moazzem & Syed Saifuddin Hossain, 2009. "Impact of the Global Economic Crisis on the Employment and Labour Market of Bangladesh: A Preliminary Assessment," CPD Working Paper 80, Centre for Policy Dialogue (CPD).
    3. Peter R. Fallon & Robert E. B. Lucas, 2002. "The Impact of Financial Crises on Labor Markets, Household Incomes, and Poverty: A Review of Evidence," World Bank Research Observer, World Bank Group, World Bank Group, vol. 17(1), pages 21-45.
    4. Ravallion, Martin, 2008. "Bailing out the world's poorest," Policy Research Working Paper Series 4763, The World Bank.
    5. Cleaver, Frances, 2005. "The inequality of social capital and the reproduction of chronic poverty," World Development, Elsevier, vol. 33(6), pages 893-906, June.
    6. Silvey, Rachel & Elmhirst, Rebecca, 2003. "Engendering Social Capital: Women Workers and Rural-Urban Networks in Indonesia's Crisis," World Development, Elsevier, vol. 31(5), pages 865-879, May.
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