Monday, May 14, 2012

Augmenting Social Capital in the Developing World

How do we augment social capital in the developing world?        Defined as the expected collective or economic benefits derived from the preferential treatment and cooperation between individuals and groups, this asset is often overlooked in the discussions of advancement in the developing world.  For social capitalism to augment an economy, it must potentially apply to all members of the society.  Unfortunately, in many situations, social capital is available to a small, exclusive part of the population which may actually inflict damage to the remainder through the crucible of racism or elitism.  While social capital is used in all societies in some form, factors exist that decimate its effectiveness and render it unable to provide support to the economic system.

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