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A Theory of Sustainable Sociocultural and Economic DevelopmentCultural Theory of Development

A Theory of Sustainable Sociocultural and Economic Development: Cultural Theory of Development [Though the concept of social capital has been with us for decades, its importance and relevance to societal development was recognized only recently. Today, social capital is viewed as an important factor of production, just like physical and human capital. Interest in culture and the role it plays in the development process led to the crystallization of the social capital concept; however, theorists promoting this concept tend to consider social capital a given aspect of culture. But social capital, unlike values, traditions, and attitudes, is something society creates and nurtures by conscious and unconscious actions; therefore, it is neither an aspect of culture nor a product of it only.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Theory of Sustainable Sociocultural and Economic DevelopmentCultural Theory of Development

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88759-0
Pages
115 –125
DOI
10.1007/978-1-137-57952-2_9
Publisher site
See Chapter on Publisher Site

Abstract

[Though the concept of social capital has been with us for decades, its importance and relevance to societal development was recognized only recently. Today, social capital is viewed as an important factor of production, just like physical and human capital. Interest in culture and the role it plays in the development process led to the crystallization of the social capital concept; however, theorists promoting this concept tend to consider social capital a given aspect of culture. But social capital, unlike values, traditions, and attitudes, is something society creates and nurtures by conscious and unconscious actions; therefore, it is neither an aspect of culture nor a product of it only.]

Published: Dec 29, 2015

Keywords: Social Capital; Cultural Capital; Social Trust; Cultural Theory; Asian Nation

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