How to measure public trust level toward societal institutions and professions

Simone Chiu
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Simone Chiu: Saint Mary’s University, Canada

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: Overall, global trust is depreciating, with high levels of mistrust across core societal institutions. Trust in public policymakers, science and technology innovators, and a business leader is important for society's progress. On the other hand, trust deficit is attributed to socioeconomic domains from stunted economic growth, political polarization, degrading life satisfaction, lower environmental cooperation, and stagnant implementation of public policies. To restore or maintain public trust level, what promotes and degrades trust requires attention from institution leaders and researchers. Trust may vary at the individual and country levels due to cultural, economic, power structure and social factors. Trustworthiness related studies on different demographic and professional sectors in emerging and advanced countries were suryed. Policymakers could better understand people's well-being, social capital, and social cohesion when analyzing trust, as trustworthiness level guides precise estimation in public relocation, voting, purchasing, investing behaviors, etc., and helps country leaders take concrete steps in engaging the necessary resources and strategy to strengthen trust-based cohesion and implement social policies effectively.

Keywords: public; trust; societal; institutions; professions (search for similar items in EconPapers)
Date: 2024
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