You are on page 1of 2

9/26/13

Social capital | General Studies IV | IAS Study material | IAS MAINS

Social capital
Posted on September 17, 2013 by admin

Robert putnam, who have used the term social capital extensibly define it as ” whereas physical capital refers to physical objects and human capital refers to the properties of individuals, social capital refers to connections among individuals – social networks and the norms of reciprocity and trustworthiness that arise from them”, that is network of reciprocal social relations, based on mutual trust and accepted standard of social conduct. This network develops work culture of the society that pave the way for combined social efforts for economic progress and prosperity. Fukuyama who has underlined importance of social capital in his book “trust and the great depression” says that social capital is essential for modern economy to function efficiently. Social capital is not just the sum of institutions which underpin society – it is glue that holds them together. There are evidences in academic research which indicates that a state’s endowment of social capital does affect the ability of the state to reduce poverty and successfully implement devel programs. The social capital can contribute both towards poverty eradication as seen in Mohammus Yunus’s Grameen bank success in Bangladesh, can improve social stability as well as economic development. RWAs, SHGs, cooperatives , charitable societies amd trust are key institutions that contribute to the devlopment of social capital in India. CSR has potential to be a big contributor in its contribution if corporates align their business operations with social values. The concept of shared destiny must be infused in the society as a whole to generate a wave of social capital which can transform the country not only an economic powerhouse but also into an integrated, peaceful caring and giving society. Contibution of SHG in building social capital in rural areas can be underlined. Group formation has significantly empowered women and mitigated their sufferings through interaction with each other. There are cases where shgs has helped in checking domestic violence, female infanticide, moving liquor shops outside of villages and a sense of pride and increased in prestige within family and in society as a whole. Also social capital has become the bankable collateral that has enabled increased access to financial services. Trust Trust creates social cohesion and gives meaning to and sustains a network of people. Social interaction that develops as a result of growing trust and hence growing social capital thus manifest as a relational dimension in personal relationship such as trustworthiness and respect. Noble laureate Kenneth Arrow wrote in 1972 that ” much of economic backwordness can be explained by lack of mutual confidence.” This statement
www.iasmains.in/study_material/general_studies_iv/social-capital 1/2

2013 -...monarchy and free.in/study_material/general_studies_iv/social-capital 2/2 . 2013 -..International Ethics – IGNOU Download here International Ethics is part of paper 4 syllabus. social capital. Share this: Facebook 4 Twitter Google +1 This entry was posted in General Studies IV and tagged shg. race .iasmains.. individual’s level of social capital has increased manifold. Also in today’s era of social networking and information sharing through internet.in/study_material/general_studies_iv/socialcapital] . go through ninth report of second arc that deals with social capital. social networking by admin.9/26/13 Social capital | General Studies IV | IAS Study material | IAS MAINS reflects importance of trust and in turn of social capital. gender or background and thus increasing gap among groups though increasing cohesion within group which may give rise to fragmented society. If time permits.Police Reforms The colonial era police act 1861 enacted by British still remains in force at the center.Virtuous Public servants to protect a Republic Niccollo Machiavelli (1469-1527) said that there are two types of governments .iasmains. September 25.. Hope this pdf help in preparin. www. 2013 -.Emotions in Weber’s bureaucracy Vs in modern neuroscience Weber's bureaucracy prescribed complete impersonality and absence of emotions for rational admini. July 23. 2013 -.. May 31. This is also reducing interactions to only those who r of same ideology. RE L A T E D P O S T S May 7. Though some critics believed that it replaces strong bonds with online weak ties. Bookmark the permalink [http://www.. They have provided platform for making virtual communities where individuals can selectively connect with others based on certain interests and background.. Followi.