BOOK SUMMARY OF SOCIAL CAPITAL ( VOL. 2 )
Social capital is as an empirically elusive concept and has been subject to much
discussion and debate with particular reference to its definition, functions,
social regeneration, economic benefits, positive and negative aspects,
indicators of measurement, gender insensitivity and its implications for
Social capital is characterized by trust, reciprocity and cooperation which are
non-material forms of capital, invisible to the eye but having visible effects.
Of late, there has been much policy and academic interest in the capacity of
social capital to generate micro-level effects such as efficient economics,
democratic politics, active communities and broad-based growth.