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Social capital of economic clusters: towards a network-based conception of social resources

Social capital of economic clusters: towards a network-based conception of social resources
Social capital of economic clusters: towards a network-based conception of social resources
To grasp the critical role of socio-cultural factors for regional economic development, several concepts have been developed, including that of 'social capital'. This notion usually refers to norms, values, networks, reciprocity or trust which are held in a community and can lead to positive social and economic outcomes. Despite its popularity as a fashionable concept in the literature, the exact meaning of social capital is far from clear. This paper criticises the dominant conceptions of social capital in economic geography and regional studies and aims to place the debate in a different perspective. It argues for an alternative understanding of social capital defined as resources embedded in social networks which can be accessed or are used for actions. The potential to overcome the current weaknesses in the literature is illustrated through discussing social capital of economic clusters.
social capital, social networks, social resources clusters, relational economic geography, knowledge spillovers
0040-747X
160-170
Huber, Franz
2ddb1e89-a096-434b-88e0-10da081b5ef6
Huber, Franz
2ddb1e89-a096-434b-88e0-10da081b5ef6

Huber, Franz (2009) Social capital of economic clusters: towards a network-based conception of social resources. Tijdschrift voor Economische en Sociale Geografie, 100 (2), 160-170. (doi:10.1111/j.1467-9663.2009.00526.x).

Record type: Article

Abstract

To grasp the critical role of socio-cultural factors for regional economic development, several concepts have been developed, including that of 'social capital'. This notion usually refers to norms, values, networks, reciprocity or trust which are held in a community and can lead to positive social and economic outcomes. Despite its popularity as a fashionable concept in the literature, the exact meaning of social capital is far from clear. This paper criticises the dominant conceptions of social capital in economic geography and regional studies and aims to place the debate in a different perspective. It argues for an alternative understanding of social capital defined as resources embedded in social networks which can be accessed or are used for actions. The potential to overcome the current weaknesses in the literature is illustrated through discussing social capital of economic clusters.

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e-pub ahead of print date: 6 March 2009
Published date: April 2009
Keywords: social capital, social networks, social resources clusters, relational economic geography, knowledge spillovers
Organisations: Strategy, Innovation & Entrepreneurship

Identifiers

Local EPrints ID: 201627
URI: https://eprints.soton.ac.uk/id/eprint/201627
ISSN: 0040-747X
PURE UUID: 218b0c24-5f2e-41a2-a638-b40dbe1085bc

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Date deposited: 31 Oct 2011 16:58
Last modified: 18 Jul 2017 11:12

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