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Social capital influence on sustainability of development (case study of Bulgaria)

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  • Alexi Danchev

    (Fatih University, Istanbul, Turkey)

Abstract

Social capital is presented as feedback playing the role of a homeostatic mechanism of keeping the sustainability of economic systems in dynamics. Two basic measures of social capital are considered: the level of confidence (trust) among the members of society and the level of integration (consensus in ranking the social preferences). The author illustrates these assumptions in a case study of Bulgaria by means of a survey, which reflects the level of confidence and the level of integration in society. It is indicated that at present both levels are in a relatively good state in the micro aspect, but in the macro aspect the level of integration is not high, which creates problems with the consensus of ranking social preferences. The conclusion is that the need to improve the quality of social capital is a paramount task for the success of transition and building a democratic society. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Alexi Danchev, 2005. "Social capital influence on sustainability of development (case study of Bulgaria)," Sustainable Development, John Wiley & Sons, Ltd., vol. 13(1), pages 25-37.
    • Handle: RePEc:wly:sustdv:v:13:y:2005:i:1:p:25-37
    DOI: 10.1002/sd.243
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    Cited by:

    1. Alexi DANCHEV, 2008. "Problems of Cultural Integration in Transition Societies – Case Study of Bulgaria," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(36), pages 87-101, May.
    2. Ionescu Ion, 2009. "Innovations Of The Abc Method In The Cost Calculation," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(37), pages 46-52, May.

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