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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Inoguchi Takashi
Social capital is defined as something that can be most useful in minimizing the costs of misunderstanding and transactions when one tries to forge bridges and enhance bonds, when one launches joint undertakings, and when one tries to regularize reciprocities. I find the concept of social capital very useful in understanding the propensity to take initiatives, to avert risks, to cooperate or defect, and to shape and share values, norms and rules, especially when some measures are given. In this paper, I will attempt to identify some major dimensions of social capital as found in ...