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