scholarly journals The Role of Social Capital in Providing Economic Development

2021 ◽  
Vol 2 (48) ◽  
pp. 37-48
Author(s):  
A. O. Kurnosenko ◽  
◽  
H. V. Sytnyk ◽  
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Institutional Environment ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Social ◽  
Analysis And Synthesis ◽  
Capital Development ◽  
Business Financing

In the knowledge-based economy, the role of intangible factors in providing economic development is increasing, thus mainstreaming research on the methodological foundations forming such factors, as well as the mechanisms of their impact on the state of economies. One of such factors is social capital, which is a set of stable communications within institutional environment, whose work is based on trust. The article aims at revealing the role of social capital in providing economic development, in general, and assessing its impact on Ukraine’s economic development, in particular. The research is based on the principles of the systemic approach and was carried out using such methods as analysis and synthesis, logical generalization, graphical and tabular methods of data presentation, and systematization method. The ways in which social capital influences the development of the economy are analyzed. They can be traced in the reduction of the transaction costs level, government corruptness, and shadow economy; the creation of new available forms of business financing. Using the main indicators of the social capital level, it has become possible to establish relation between social cohesion, social conditions and economic development of states. Ukraine’s place among other states as for its social capital level is considered. Connection between social capital development, the dynamics of economic development, and prosperity index is proven.

scholarly journals The Role Of Universities In Building A Knowledge-Based Economy In Saudi Arabia

2014 ◽  
Vol 13 (5) ◽  
pp. 1047 ◽  
Author(s):  
Mohamed Imam Salem
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Saudi Arabia ◽  
Growth And Development ◽  
Sustainable Growth ◽  
Developed Economies ◽  
Innovation Research ◽  
Knowledge Based ◽  
Knowledge Based Economy

A knowledge-based economy is one of the vital components of modern economies. Growth in most of the economies of the world, and most developed economies in particular, are increasingly based on knowledge. In a knowledge-based economy, economic development is dependent on investments in education, learning and training, among others. Universities are today becoming aware of the essential role that higher education plays in the construction of knowledge-based economies. The kingdom of Saudi Arabia (KSA) has adopted the drive toward a knowledge-based economy through focusing on the higher education sector. Saudi Universities are playing a pivotal role toward the Kingdom's transition into a knowledge-based economy and hence achieving economic growth and development. The purpose of this paper is to critically examine the important role that universities play in building a knowledge-based economy through innovation, research commercialization, and technology transfer as economic development policies. The role of universities in building a knowledge-based economy in Saudi Arabia is also investigated. The paper confirms that Saudi universities are considered as a very important entity in the aim for the Saudi economy to achieve sustainable growth and development.

scholarly journals Role of innovations and knowledge – infrastructure and institutions

2010 ◽  
Vol 4 (3-4) ◽  
pp. 7-10
Author(s):  
András Nábrádi
Keyword(s):  
National Income ◽  
Knowledge Generation ◽  
Knowledge Based ◽  
Knowledge Infrastructure ◽  
Knowledge Based Economy ◽  
Long Run ◽  
European Institute ◽  
Innovation And Technology ◽  
Capital Development

There is a well known saying: Research converts money into knowledge, innovation converts knowledge into money. The knowledge-based economy has four pillars: innovation, education, the economic and institutional regime, and information infrastructure. Transformation towards a knowledge-based economy will necessarily shift the proportion and growth of national income derived from knowledge-based industries, the percentage of the workforce employed in knowledge-based jobs and the ratio of firms using technology to innovate. Progress towards a knowledge-based economy will be driven by four elements: human capital development, knowledge generation and exploitation (R&D), knowledge infrastructure. Increased investment in these four areas will certainly have an impact. National experience, however, suggests that an incremental approach will not work. Nations that have achieved accelerated growth in outputs and capabilities have acted decisively, targeting investments in areas of strategic opportunity. The organizational and infrastructural improvement of research requires supranational cooperation and the promotion of the free movement of knowledge. Therefore, the EU decision on the establishment of the European Institute of Innovation and Technology (EIT), which ensures that the GDP proportion for research and development (R&D) shall achieve 3% stipulated by member states in the long run, is particularly welcome.

scholarly journals Contribution of language to the creation of corporate social capital

2019 ◽  
pp. 243-263
Author(s):  
Krishna S. Dhir
Keyword(s):  
Social Capital ◽  
Multinational Corporations ◽  
Language Skills ◽  
Multinational Companies ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Creation ◽  
Corporate Social ◽  
Do So

With increased globalization of trade and business in a knowledge-based economy, and increasing diversification of the workforce, there is increasing pressure on multinational companies to report, and even measure, their social capital. This article explores the role of language in the creation of corporate social capital. The language used in a corporation is an asset, which creates value and corporate social capital in the use and exchange of ideas. Linguists have long attempted to assess the value of language as a commodity, but with little success. This article offers an approach to overcome this difficulty and to measure the value of language as an element of corporate social capital. To do so, it draws an analogy between the functions of language and functions of currency. The article goes on to suggest that multinational corporations should hold a portfolio of language skills, much as it does a portfolio of currencies.

scholarly journals The Role of Astronomy in Development: The Case of Uganda

2015 ◽  
Vol 11 (A29A) ◽  
pp. 393-394
Author(s):  
Edward Jurua
Keyword(s):  
Economic Development ◽  
Scientific Knowledge ◽  
Science And Technology ◽  
Knowledge Based ◽  
University Curriculum ◽  
Knowledge Based Economy ◽  
The University ◽  
Excellent Tool ◽  
Science Subject

AbstractScience and technology play a key role in economic development; and Universities have a direct stake in this process. A knowledge-based economy requires scientific and technological expertise that is strongly influenced by the strength of training in science and technology. However, in Uganda not many students opt for science subject at higher levels, and subsequently in the University. Therefore, there is need to encourage and motivate students to study science subjects in order for this to be successful. This can be achieved through introduction of stimulating subjects such as astronomy in the university curriculum. Astronomy is considered as the most appealing subject and an excellent tool for conveying scientific knowledge to young students. In this paper, the role that astronomy has played to motivate and interest students to study physics in Mbarara University of Science and Technology, in Uganda, is discussed.

scholarly journals Social Capital in Knowledge Based Economy. Chosen Aspects

2014 ◽  
Vol 5 (3) ◽  
pp. 93-107
Author(s):  
Andżelika Libertowska
Keyword(s):  
Social Capital ◽  
Informal Institutions ◽  
Relationship Building ◽  
Transfer Of Knowledge ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Norms And Values ◽  
Factors Of Production ◽  
Economy Globalization

The article raises the issue of social capital in the context of building a knowledge-based economy. Globalization, the increasing mobility of factors of production and the development of information technology have all led companies towards a stronger competitive struggle. Competing with factors of production of material nature has become insufficient. Therefore, the interest of economists is now focusing on the role of informal institutions in the process of economic growth. The growth of the designations of social capital such as trust, norms and values, collaboration and relationship building, affects the ease of information flow, creation and transfer of knowledge - all of which translate into a reduction of transaction costs, increased innovativeness and competitiveness. The purpose of this article is to present the importance of social capital in the process of building a knowledge-based economy, and above all, the growth of innovativeness and entrepreneurship on the example of Poland. The study contains a review of literature sources which deal with the role of informal institutions in the fundamental aspects of knowledge economy, and thus, the value of companies, their intellectual capital, ease of business transactions, and above all, innovativeness. The last factor is presented on the canvas of current empirical data derived from institutions analyzing the level of Polish innovativeness. In addition, the article presents the results of empirical research on cross-organizational collaboration of selected companies of the food sector in Greater Poland and the importance of social capital in achieving competitive advantage in the international arena.

scholarly journals Social capital in the Poznań agglomeration

2012 ◽  
Vol 18 (18) ◽  
pp. 5-14
Author(s):  
Joanna Dominiak ◽  
Barbara Konecka-Szydłowska
Keyword(s):  
Social Capital ◽  
Human Capital ◽  
Economic Development ◽  
Technological Advancement ◽  
Polish Literature ◽  
The Core ◽  
The Social ◽  
Socio Economic Development

AbstractSocial capital (like human capital) is an increasingly important factor of socio-economic development today. The role of social capital in technological advancement and economic development has been widely discussed in foreign and Polish literature. The main goal of this article is to analyse differences in the social capital of the Poznań agglomeration. To achieve it, the following cognitive questions will be addressed: (a) the level of social capital in the Poznań agglomeration; (b) the level of and differences in the basic components of social capital, and (c) differences in the level of social capital in the core-periphery system of the Poznań agglomeration.

scholarly journals THE KNOWLEDGE-BASED ECONOMY IN LITHUANIA: ANALYSIS OF TENDENCIES

2005 ◽  
Vol 6 (4) ◽  
pp. 231-239 ◽  
Author(s):  
Romualdas Ginevičius ◽  
Renata Korsakiene
Keyword(s):  
Economic Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Economic Development And Growth ◽  
Advanced Economies ◽  
Primary Driver ◽  
Income Development ◽  
Post Industrial ◽  
Development Paradigm

The purpose of this paper is to analyse the tendencies of knowledge‐based economy in Lithuania by looking at a knowledge economy's major dimensions ‐ the structure of economic activity and the infrastructure of knowledge economy. The knowledge‐based economy is the dominant post‐industrial economic development paradigm. The emergence of this paradigm in the 1980s created preconditions to emphasize the role of knowledge creation and distribution as the primary driver in the process of economic development and growth, the distribution of income, development of knowledge‐based networks among firms and the interface between government, business and citizens in the advanced economies.

scholarly journals The Contribution Of Social Capital And Knowledge Management Towards Sme (Small And Medium Enterprises) Fishery In Ambon City

2019 ◽  
Vol 8 (1) ◽  
pp. 30-35
Author(s):  
Jolyne Myrell Parera
Keyword(s):  
Social Capital ◽  
Knowledge Management ◽  
Explicit Knowledge ◽  
Small And Medium Enterprises ◽  
Global Competitiveness ◽  
Descriptive Research ◽  
Knowledge Based ◽  
The Social ◽  
Medium Enterprises

Globalization era is marked by the vast development of knowledge, technology and information, which is competitively incline. Considering the fact that the global competitiveness continously grows tighter, the paradigm needs to change from resources-based competitiveness to knowledge-based competitiveness. The study on knowledge management towards fishery SMEs (Small and Medium Entreprises) tends to apply tacit knowledge directly among the persons rather than the explicit knowledge. The knowledge management is believed to be invented due to the role of the social capital in the form of trust, norm, and network that proceeds continuously among both the internal SMEs and external institutions. This research was conducted in Ambon as one of the ‘minapolitan area’ in Indonesia, and employed descriptive research method and phenomenology approach based on the assumption of reality reconstruction. As the result, this research found that the knowledge management is evidently created as a form of the social capital role both inside and outside the fishery SMEs areas.

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