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Sustainability in the Age of Networking and Virtual Social Capital: Neoteric Approach
Abstract
A constructive outcome of interpersonal connection is referred to as social capital. In recent years, the development paradigm has transformed from a virtually sole focus on physical capital to a people-focused approach targeting sustainable growth that accentuates the social elements of development, particularly human and social capital. The perspective on social capital emphasizes the importance of individual and community ties and the broader social and political context in which social structures and norms develop. It underscores the significance of institutional relationships, government support, and collaboration among various sectors for encouraging economic and social development. This chapter infers on a few current hot topics, focusing on how online social capital influences development and exploring if there are economic benefits to building social capital.
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