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Social capital is "the networks of relationships among people who live and work in a particular society, enabling that society to function effectively". [1] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
Development economics. The capability approach (also referred to as the capabilities approach) is a normative approach to human welfare that concentrates on the actual capability of persons to achieve lives they value rather than solely having a right or freedom to do so. [1]
The three-component theory of stratification, more widely known as Weberian stratification or the three class system, was developed by German sociologist Max Weber with class, status and party as distinct ideal types. Weber developed a multidimensional approach to social stratification that reflects the interplay among wealth, prestige and ...
Feminist economics is the critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis. [ 1 ] Feminist economic researchers include academics, activists, policy theorists, and practitioners. [ 1 ] Much feminist economic research focuses on topics that have been neglected in the field ...
The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions.Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a country’s progress that considers living conditions, social relations ...
Communitarian theories of social capital are the most prominent in development literature (mostly inspired by Putnam's 1994 work) and it is assumed that an increase in social capital is inherently good and can support political participation and market efficiency. Social capital is increased by building and fortifying the traditions and norms ...
PsyCap has positive correlation with desired employee attitudes, behaviors and performance. [9]A meta-analysis of 51 independent samples found strong, significant, positive relationship between PsyCap and desirable attitudes (e.g., satisfaction, commitment, and well-being), behaviors (e.g., citizenship) and performance (self, supervisor rated, and objective) and a negative relationship with ...
People-centered development is an approach to international development that focuses on improving local communities' self-reliance, social justice, and participatory decision-making. It recognizes that economic growth does not inherently contribute to human development [1][2] and calls for changes in social, political, and environmental values ...
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