Capital - Social

Although the notion of social capital was created by Pierre Bourdieu, the theory was largely promoted through the works of the American political scientist Robert David Putnam. Social capital refers to the social institutions, values, customs, interactions, and relationships that construct a ‘social unit’. When devising policies for economic and social development, decision-makers pay great attention to this concept as it is believed that a society can only prosper through sustainable social cohesion; in other words, our social ties form a vital element of the social fabric of our community.