Localized Learning and Social Capital: The Geography Effect in Technological and Institutional Dynamics

Publikation: Working paperForskning

Resumé

Providing a concise working definition of social capital, this conceptual paper analyses why social capital is important for learning and economic development, why it has a regional dimension, and how it is created. It argues that with the rise of the Knowledge Economy, social capital is becoming valuable because it organizes markets, lowering business firms’ costs of coordinating and allowing
them to flexibly connect and reconnect. Thus, it serves as a social framework for localized learning in both breadth and depth. The paper suggests that a range of social phenomena such as altruism, trust, participation, and inclusion, are created when a matrix of various social relations is combined with particular normative and cognitive social institutions that facilitate cooperation and reciprocity. Such a matrix of social relations, plus facilitating institutions, is what the paper defines as “social capital”. The paper further suggests that social capital is formed at the regional (rather than national or international) level, because it is at this level we find the densest matrices of social relations. The
paper also offers a discussion of how regional policies may be suited for romoting social capital.
OriginalsprogEngelsk
Udgivelses stedFrederiksberg
UdgiverDRUID - Danish Research Unit for Industrial Dynamics
Antal sider21
ISBN (Trykt)8778731887
StatusUdgivet - 2005
NavnDRUID Working Paper
Nummer05-22

Citer dette

Lorenzen, M. (2005). Localized Learning and Social Capital: The Geography Effect in Technological and Institutional Dynamics . Frederiksberg: DRUID - Danish Research Unit for Industrial Dynamics. DRUID Working Paper, Nr. 05-22
Lorenzen, Mark. / Localized Learning and Social Capital : The Geography Effect in Technological and Institutional Dynamics . Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 2005. (DRUID Working Paper; Nr. 05-22).
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Lorenzen, M 2005 'Localized Learning and Social Capital: The Geography Effect in Technological and Institutional Dynamics ' DRUID - Danish Research Unit for Industrial Dynamics, Frederiksberg.

Localized Learning and Social Capital : The Geography Effect in Technological and Institutional Dynamics . / Lorenzen, Mark.

Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 2005.

Publikation: Working paperForskning

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Lorenzen M. Localized Learning and Social Capital: The Geography Effect in Technological and Institutional Dynamics . Frederiksberg: DRUID - Danish Research Unit for Industrial Dynamics. 2005.