Cover IMF Working Papers
Social Capital and Civil Society
Author:
Mr. Francis Fukuyamanull

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Series:
IMF Working Papers
Volume/Issue:
Volume 2000: Issue 074
Language:
English
Publication Date:
01 Mar 2000
DOI:
https://doi.org/10.5089/9781451849585.001
ISBN:
9781451849585
ISSN:
1018-5941
Pages:
18
Keywords:
WP; state; society; Institutions; social capital; economic policy; second generation reforms; public policy; transaction costs; centralizing state; physical capital; village association; state-supplied version; Civil society; Human capital; Stocks; Social networks; East Asia; North America; Western Europe; Europe; Africa
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Social capital is an instantiated informal norm that promotes cooperation between individuals. In the economic sphere it reduces transaction costs, and in the political sphere it promotes the kind of associational life that is necessary for the success of limited government and modern democracy. Although social capital often arises from iterated Prisoner’s Dilemma games, it also is a byproduct of religion, tradition, shared historical experience, and other types of cultural norms. Thus whereas awareness of social capital is often critical for understanding development, it is difficult to generate through public policy.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2000: Issue 074