Evolution of Social Capital

Social capital is a relatively new term, largely unheard of before the early 1990s. Although the term was used over 100 years ago, it was not until the 1980s that the conceptual understanding of social capital was established and not until the mid-1990s that the term gained popularity and spread across the social sciences.

Economics Imperialism and Social Capital Relationship between social capital and economics

During the 1990s, national governments and international agencies such as the World Bank, OECD, and UNDP discovered social capital, heralding it as the ‘missing link’ in explaining development outcomes and an important factor to build and utilise for improved program performance (Harriss, 2002). This was primarily driven by the World Bank, motivated by mounting criticism …

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Evolution of the concept of social capital

The term ‘social capital’ was virtually unknown until the 1990s, since which time it has rapidly increased in popularity and spread throughout academia and beyond to become a familiar term in community development, business, and politics, and is even entering popular language. The terms ‘social capital’ was used as early as 1900 Usage of the …

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