IDEAS home Printed from https://ideas.repec.org/p/ess/wpaper/id4398.html
   My bibliography  Save this paper

From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!

Author

Listed:
  • Sam Wong

Abstract

This paper draws on the experiences of the Far East Economic Crisis in 1998 and argues that: (1) the poor depended heavily on bonding social capital during the Crisis, but the crunch-point beyond which they felt no longer able to rely on this is less certain; (2) bridging social capital could both be created and destroyed during the Crisis; (3) the impact of the Crisis affected men and women differently, but how different groups of men and women were affected by the Crisis is less clear; (4) NGOs could help build social capital with the poor, but their role could be restricted by financial difficulties. URL:[http://www.devstud.org.uk/aqadmin/media/uploads/4ab77d15a6783_2-wong-dsa09.pdf].

Suggested Citation

  • Sam Wong, 2011. "From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!," Working Papers id:4398, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:4398
    Note: Institutional Papers
    as

    Download full text from publisher

    File URL: http://www.esocialsciences.org/Download/repecDownload.aspx?fname=A2011822112747_20.pdf&fcategory=Articles&AId=4398&fref=repec
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martin Ravallion, 2009. "Bailing Out the World's Poorest," Challenge, Taylor & Francis Journals, vol. 52(2), pages 55-80.
    2. Mustafizur Rahman & Khondaker Golam Moazzem & Syed Saifuddin Hossain, 2009. "Impact of the Global Economic Crisis on the Employment and Labour Market of Bangladesh A Preliminary Assessment," Labor Economics Working Papers 22303, East Asian Bureau of Economic Research.
    3. Floro, Maria & Dymski, Gary, 2000. "Financial Crisis, Gender, and Power: An Analytical Framework," World Development, Elsevier, vol. 28(7), pages 1269-1283, July.
    4. Jong-Wha Lee and Changyong Rhee, 1999. "Social Impacts of the Asian Crisis: Policy Challenges and Lessons," Human Development Occasional Papers (1992-2007) HDOCPA-1999-02, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    5. Knowles, J.C. & Pernia, E.M., Racelis, M., 1999. "Social Consequences of the Financial Crisis in Asia," Papers 60, Asian Development Bank.
    6. Cleaver, Frances, 2005. "The inequality of social capital and the reproduction of chronic poverty," World Development, Elsevier, vol. 33(6), pages 893-906, June.
    7. Fiszbein, Ariel & Giovagnoli, Paula Inés & Adúriz, Isidro, 2003. "The Argentine crisis and its impact on household welfare," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    8. Silvey, Rachel & Elmhirst, Rebecca, 2003. "Engendering Social Capital: Women Workers and Rural-Urban Networks in Indonesia's Crisis," World Development, Elsevier, vol. 31(5), pages 865-879, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nazim Habibov & Elvin Afandi, 2017. "Community-Level Social Capital and Household Strategies for Coping with Global Crisis in Transitional Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(2), pages 687-710, January.
    2. Parizeau, Kate, 2015. "When Assets are Vulnerabilities: An Assessment of Informal Recyclers’ Livelihood Strategies in Buenos Aires, Argentina," World Development, Elsevier, vol. 67(C), pages 161-173.
    3. Mohseni-Cheraghlou, Amin, 2016. "The Aftermath of Financial Crises: A Look on Human and Social Wellbeing," World Development, Elsevier, vol. 87(C), pages 88-106.
    4. Nahid Aslanbeigui & Gale Summerfield, 2000. "The Asian Crisis, Gender, and the International Financial Architecture," Feminist Economics, Taylor & Francis Journals, vol. 6(3), pages 81-103.
    5. Justin W. Webb & Theodore A. Khoury & Michael A. Hitt, 2020. "The Influence of Formal and Informal Institutional Voids on Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 44(3), pages 504-526, May.
    6. Murray, Susan F. & Akoum, Mélanie S. & Storeng, Katerini T., 2012. "Capitals diminished, denied, mustered and deployed. A qualitative longitudinal study of women's four year trajectories after acute health crisis, Burkina Faso," Social Science & Medicine, Elsevier, vol. 75(12), pages 2455-2462.
    7. Éric Bidet, 2003. "Corée du Sud : vers une société d'assurances sociales," Revue Tiers Monde, Programme National Persée, vol. 44(175), pages 603-620.
    8. Levien, Michael, 2015. "Social Capital as Obstacle to Development: Brokering Land, Norms, and Trust in Rural India," World Development, Elsevier, vol. 74(C), pages 77-92.
    9. Nichols, Carly, 2021. "Self-help groups as platforms for development: The role of social capital," World Development, Elsevier, vol. 146(C).
    10. Hong Sun & Valentina Hartarska & Lezhu Zhang & Denis Nadolnyak, 2018. "The Influence of Social Capital on Farm Household’s Borrowing Behavior in Rural China," Sustainability, MDPI, vol. 10(12), pages 1-20, November.
    11. Shannon Sutton, 2012. "Add Producers and Stir? (Re) politicizing Fairtrade participation," Working Papers 38, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    12. Anis Chowdhury & Iyanatul Islam, 2010. "Revisiting Shared Growth and Examining Horizontal Inequality," Chapters, in: Rajah Rasiah & Johannes Dragsbaek Schmidt (ed.), The New Political Economy of Southeast Asia, chapter 4, Edward Elgar Publishing.
    13. Diana Escandon-Barbosa & David Urbano-Pulido & Andrea Hurtado-Ayala, 2019. "Exploring the Relationship between Formal and Informal Institutions, Social Capital, and Entrepreneurial Activity in Developing and Developed Countries," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    14. Daniel Béland & Alex Jingwei He & M Ramesh, 2022. "COVID-19, crisis responses, and public policies: from the persistence of inequalities to the importance of policy design [The impact of COVID-19 on gender equality]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(2), pages 187-198.
    15. Mikucka, Malgorzata & Sarracino, Francesco & Dubrow, Joshua K., 2017. "When Does Economic Growth Improve Life Satisfaction? Multilevel Analysis of the Roles of Social Trust and Income Inequality in 46 Countries, 1981–2012," World Development, Elsevier, vol. 93(C), pages 447-459.
    16. Marina Della Giusta, 2010. "Social Capital and Economic Development," Economics Discussion Papers em-dp2010-02, Department of Economics, University of Reading.
    17. Nicola Banks, 2016. "Livelihoods Limitations: The Political Economy of Urban Poverty in Dhaka, Bangladesh," Development and Change, International Institute of Social Studies, vol. 47(2), pages 266-292, March.
    18. Hasan Vergil & Fuat Sekmen & Haşmet Gökirmak & Sukru Apaydin, 2022. "2008 financial crisis and income distribution in Turkey," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(4), pages 2627-2643, August.
    19. Heinrich, Carolyn J. & Lopez, Yeri, 2009. "Does Community Participation Produce Dividends in Social Investment Fund Projects?," World Development, Elsevier, vol. 37(9), pages 1554-1568, September.
    20. Harry Anthony Patrinos & Emmanuel Skoufias, 2007. "Economic Opportunities for Indigenous Peoples in Latin America : Conference Edition," World Bank Publications - Reports 8019, The World Bank Group.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:4398. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Padma Prakash (email available below). General contact details of provider: http://www.esocialsciences.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.