Significance of Social Capital in Socio-economic Development of Bosnia and Herzegovina

Abstract

Social capital is used in interdisciplinary research as an analytical tool for explaining how culture, trust, and cooperation between people may be put into a function of general good, economic development and society in general. The objective of this paper consists of identification and analysis of status in the field of groups and networks, trust and solidarity, collective action and cooperation, information and communication, social cohesion and inclusion, and empowerment and political action, as key dimensions of social capital, and all in the context of overview of its significance in socio-economic development of Bosnia and Herzegovina. For the purpose of implementation of the named aim, a secondary and primary research has been conducted (by surveying 100 members of the top management teams in Bosnian and Herzegovinian SMEs). The research results show a relatively unsatisfactory status in the area of observed dimensions of social capital in Bosnia and Herzegovina, and the decision makers and creators of socio-economic policies should put in a more significant effort in the area of development of social capital which has a significant potential in the context of incitement of socio-economic development.

Social capital: The missing link in Ghana’s development

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From the Cyclone Idai disaster to the COVID-19 pandemic: An account of inadvertent social capital enhancement in Eastern Chimanimani, Zimbabwe

“…In addition, we specifically chose the social capital philosophy as an underpinning analytical tool because our goal was to explain how cooperation and community trust between people can be harnessed for socio-economic development. Delic, Šaric and Osmanovic (2017) advocated for such an analytical approach when dealing with groups of people undertaking collective action and belonging to common solidarity networks.…”

“…In addition, social capital enhancement plays a critical role within poverty-ridden communities, particularly in the backdrop of limited outside assistance (Delic et al 2017;Marango 2011;Shackleton et al 2015).…”

“…In addition, we specifically chose the social capital philosophy as an underpinning analytical tool because our goal was to explain how cooperation and community trust between people can be harnessed for socio-economic development. Delic, Šaric and Osmanovic ( 2017 ) advocated for such an analytical approach when dealing with groups of people undertaking collective action and belonging to common solidarity networks. In addition, social capital enhancement plays a critical role within poverty-ridden communities, particularly in the backdrop of limited outside assistance (Delic et al 2017 ; Marango 2011 ; Shackleton et al 2015 ).…”

“…Delic, Šaric and Osmanovic ( 2017 ) advocated for such an analytical approach when dealing with groups of people undertaking collective action and belonging to common solidarity networks. In addition, social capital enhancement plays a critical role within poverty-ridden communities, particularly in the backdrop of limited outside assistance (Delic et al 2017 ; Marango 2011 ; Shackleton et al 2015 ).…”