Purpose – This paper presents best practices of global and local initiatives for social and economic capital development. It introduces the notion of “megacommunities” representing broad multilateral stakeholder groups that work together for the resolutions of large‐scale health, environmental and social problems. The paper also takes a more local view by discussing a few regional and municipal examples of “intelligent communities” at the forefront of the knowledge economy. These mega and intelligent communities are often the first to adopt information and communication technologies (ICT), especially pervasive broadband technologies services, for achieving superior social, human and economic wellbeing. The objective of the paper is to identify common drivers and characteristics of these communities and how they utilize ICT to promote higher‐level growth.Design/methodology/approach – The paper takes the form of a general review. The paper introduces the notions of wellbeing, human, social and economic capi...
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