THE ROLE OF SOCIAL CAPITAL IN THE ECONOMIC DEVELOPMENT

Daniela-Mihaela Neamţu, Gabriela Arionesei and Livia-Elena Vranciu
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Daniela-Mihaela Neamţu: „Stefan cel Mare” University of Suceava
Gabriela Arionesei: „Stefan cel Mare” University of Suceava
Livia-Elena Vranciu: „Stefan cel Mare” University of Suceava

Management & Marketing, 2013, vol. 8, issue Special-Issue, 239-246

Abstract: The statement that a man lives in a society makes sense only if the society is seen as a consequence of the manifestation of individuals’ needs to satisfy personal interests in the context of social cooperation. From this point of view, education is developed in society, being the result of interpersonal exchange relationships, but also a means to stimulate the social cooperation. However, justifying the existence of society’s interest in education, designed to separate the individual educational choice, is impossible. This paper is part of the major puzzles of the studies focused on economic growth, starting with the question: “Why the economic growth rate of a country and the level of GDP differ so much from one country to another?” The social capital is one of the forces that considerably influence the economic growth, and thus the well-being of a nation.

Keywords: social capital; human capital; physical capital; economic development. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eph:journl:v:8:y:2013:i:special-issue:p:239-246

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