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Conclusion: the central role of human and social capital

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  • Gordon Redding
  • Chris Rowley

Abstract

The roles of human and social capital in fostering societal stability and progress are analyzed here in the basis of a series of empirical studies in the Asian region, each illuminating a separate aspect of the overall question: how does culture play a part in the socio-political economy? The studies cover the response of people in the Indonesian tourism industry to radical market changes; the impact of western-inspired management tools on workers in the Thai and Vietnamese industrial complexes; the ways in which credentials play a part in regional professional networking; the impact of worsening environment threats from flooding on workforce location and organizing; the not-always-benign workings of regional business networks of personal reciprocity; and the managerial ideology of many Indonesian companies. Human and social capital are illustrated here as largely invisible but still significant catalysts in the complex dynamics of countries striving to establish their own formulae for prosperity.

Suggested Citation

  • Gordon Redding & Chris Rowley, 2017. "Conclusion: the central role of human and social capital," Asia Pacific Business Review, Taylor & Francis Journals, vol. 23(2), pages 299-305, March.
    • Handle: RePEc:taf:apbizr:v:23:y:2017:i:2:p:299-305
    DOI: 10.1080/13602381.2017.1289033
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    References listed on IDEAS

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    1. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    2. Gordon Redding, 2005. "The thick description and comparison of societal systems of capitalism," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 36(2), pages 123-155, March.
    3. Joel Mokyr, 2016. "A Culture of Growth: The Origins of the Modern Economy," Economics Books, Princeton University Press, edition 1, number 10835.
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    Cited by:

    1. Ingyu Oh & Wonho Jang & Sanghyeon Kim, 2018. "Selling trust in cyber space: social networking service (SNS) providers and social capital amongst netizens in South Korea," Asia Pacific Business Review, Taylor & Francis Journals, vol. 24(2), pages 196-211, March.
    2. Malik, Ashish & Sinha, Paresha & Pereira, Vijay & Rowley, Chris, 2019. "Implementing global-local strategies in a post-GFC era: Creating an ambidextrous context through strategic choice and HRM," Journal of Business Research, Elsevier, vol. 103(C), pages 557-569.
    3. Pi-Shen Seet & Janice Jones & Lloyd Oppelaar & Graciela Corral de Zubielqui, 2018. "Beyond ‘know-what’ and ‘know-how’ to ‘know-who’: enhancing human capital with social capital in an Australian start-up accelerator," Asia Pacific Business Review, Taylor & Francis Journals, vol. 24(2), pages 233-260, March.
    4. Yuliani Suseno & Chris Rowley, 2018. "Taking stock of social capital research: its application in service-oriented firms," Asia Pacific Business Review, Taylor & Francis Journals, vol. 24(2), pages 138-149, March.
    5. Yuliani Suseno & Chris Rowley, 2018. "Social capital in service-oriented firms: future directions," Asia Pacific Business Review, Taylor & Francis Journals, vol. 24(2), pages 261-271, March.

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