Social capital: reviewing the concept and its policy implications
AbstractThere is scope for Governments to take more account of social capital in policy development, according to this Commission study. This paper suggests that social capital generally brings social and economic benefits by reducing transaction costs, promoting cooperative behaviour, diffusing knowledge and innovations, and enhancing personal well-being.
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Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 0307001.
Date of creation: 28 Jul 2003
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social capital - social policy - cohesion -norms - networks - trust;
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- H - Public Economics
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