Answers are grounded in this paper and cite their sources.
Theoretical discussion reveals a shift towards social capital in development, indicating a need for new economic frameworks.
At the same time that the World Bank appears to be going through a process of replacing the Washington consensus with the Post‐Washington consensus, the notion of social capital is coming to the fore both in development studies and social science more generally. These developments are closely connected to one another analytically: they are liable to stake out a new development agenda based on new Keynesianism and social capital in place of state versus the market; and they reflect more generally the growing influence of mainstream economics over other social sciences.
No takes yet. Share an insight, caveat, or question.
Ben Fine (1999) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: