The Economics of Trust, Norms and Networks

The theme of this paper is that trust, norms and networks are critical contributors to social capital, itself a critical determinant of economic growth. Numerous factors have contributed in recent years to the decline of social capital, restraining business and national competitiveness. It is in the interests and part of the responsibility of business to address this issue; this provides an economic imperative - complementary to the ethical imperative - for business to take socially responsible governance seriously.

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