Social Capital and Civil Society

19 Pages Posted: 15 Feb 2006

See all articles by Francis Fukuyama

Francis Fukuyama

Stanford University - Freeman Spogli Institute for International Studies

Date Written: April 2000

Abstract

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.

Keywords: Institutions social capital economic policy second generation reforms

JEL Classification: Z13

Suggested Citation

Fukuyama, Francis, Social Capital and Civil Society (April 2000). IMF Working Paper No. 00/74, Available at SSRN: https://ssrn.com/abstract=879582

Francis Fukuyama (Contact Author)

Stanford University - Freeman Spogli Institute for International Studies ( email )

Stanford, CA 94305
United States

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