Author(s): Servaas Jong*
Social capital plays an increasingly important role in shaping the economic development of emerging economies. This research aims to explore the impact of social capital on economic development by analyzing its various components, including networks, trust, and social cohesion, in the context of emerging economies. The study incorporates evidence from various countries in Latin America, Sub-Saharan Africa, and Southeast Asia, assessing how social capital influences key economic indicators such as GDP growth, employment, and poverty reduction. The findings suggest that social capital can significantly enhance economic performance by fostering entrepreneurship, improving access to credit, facilitating labor market integration, and promoting public goods provision. However, the impact of social capital is often context-dependent, varying across different cultural, political, and economic settings. The study concludes that governments and policymakers should recognize and harness social capital as a strategic tool to stimulate sustainable economic development.
The Journal of International Social Research received 8982 citations as per Google Scholar report
