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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].

Suggested Citation

  • Sam Wong, 2011. "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!," Working Papers id:4398, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:4398
    Note: Institutional Papers
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    References listed on IDEAS

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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. Knowles, J.C. & Pernia, E.M., Racelis, M., 1999. "Social Consequences of the Financial Crisis in Asia," Papers 60, Asian Development Bank.
    3. Fiszbein, Ariel & Adúriz, Isidro & Giovagnoli, Paula Inés, 2003. "The Argentine crisis and its impact on household welfare," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    4. 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).
    5. Martin Ravallion, 2009. "Bailing Out the World's Poorest," Challenge, Taylor & Francis Journals, vol. 52(2), pages 55-80.
    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.
    7. Cleaver, Frances, 2005. "The inequality of social capital and the reproduction of chronic poverty," World Development, Elsevier, vol. 33(6), pages 893-906, June.
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