Localized Learning and Social Capital

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Localized Learning and Social Capital

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dc.contributor.author Lorenzen, Mark
dc.date.accessioned 2009-08-20
dc.date.accessioned 2009-08-20T09:14:32Z
dc.date.available 2009-08-20T09:14:32Z
dc.date.issued 2009-08-20
dc.identifier.isbn 8778731887
dc.identifier.uri http://hdl.handle.net/10398/7882
dc.description.abstract 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 promoting social capital. en_US
dc.format.extent 23 s. en_US
dc.language eng en_US
dc.publisher DRUID en_US
dc.relation.ispartofseries DRUID Working Paper;05-22
dc.title Localized Learning and Social Capital en_US
dc.type wp en_US
dc.accessionstatus modt09aug20 liga en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Danish Research Unit for Industrial Dynamics en_US
dc.contributor.departmentshort DRUID en_US
dc.contributor.departmentuk Danish Research Unit for Industrial Dynamics en_US
dc.contributor.departmentukshort DRUID en_US
dc.idnumber 8778731887 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2005 en_US
dc.title.subtitle The Geography Effect in Technological and Institutional Dynamics en_US


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