refers to the inclination of a society towards collective life rather than individual life. The term encircles the social networks, associations and ties among the civilians of any country. The more connected to each other a society is, the higher social capital it has. Social capital is an important determinant of a society’s well-being. It includes development of trust and a reciprocal culture among the society. As measures of social capital, Putnam (1995) focuses on membership in associations. His thesis demonstrates the declining trend of membership in US. Subsequent research on the topic reveals that the 9/11 incident actually contributed to ...
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