What is social capital and why is it relevant, if at all, for development?
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There is no universally accepted definition of social capital. In the broadest sense, the term encompasses those social relationships that help people to get along with each other and act more effectively than they could as isolated individuals. In this view, patte
s of social organization, especially trust, mutuality, and reciprocity, are seen as important resources, which can result in benefits to individuals, groups, and society. It is in the lastmentioned category, the public-good nature of social capital, that the term has recently engendered a lively discourse in inte
ational development circles. In a narrower, but commonly accepted sense, mutually beneficial cooperative behavior is the essence of the social capital concept. "Social capital is the cumulative capacity of social groups to cooperate and work together for the common good." (Montgomery 1998).
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