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Socio-cultural capital as a cause of economic and institutional crisis in Montenegro, Serbia and Bosnia and Herzegovina

Bibliographic Data

ID2434472
AuthorsMilica Delibasic (0000-0003-1036-3836, Mediterranean University, corresponding author)
Year2018
Volume11
Issue4
Pages219-229
Publication date2018-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, Szczecin, Poland (PUBLISHER • PL)
DOI10.14254/2071-789x.2018/11-4/14
OpenAlexW2910915126
LanguageEN
Citations received3
References cited7

The subject of the article is to explain aspects and essential elements through which socio-cultural capital causes crisis effects (institutional, economic, and social) in the selected post-socialist countries of South-Eastern Europe -Montenegro (MNE), Serbia (SER), and Bosnia and Herzegovina (B&H). The aim of this paper is to: a) model the structure and the role of socio-cultural capital; b) draw attention to the negative impacts of path dependence and new neoliberal culture; and c) suggest a new methodological criterion for the division of integral components of socio-cultural capital (inherited and imposed factors), which affected its decline in those countries. Its starting hypothesis is that legacy factors (conditionally: path dependency) and imposed factors (external and internal origin) in the observed transition countries have caused an erosion of many socio-cultural contents, which has led to a slowdown in economic, institutional, and social growth. Besides common methods of social sciences, the survey method has been used. The survey results show that socio-cultural capital suffered a decline, mostly due to a stagnation of bridging social capital and an increase in linking social capital, that is, due to a greater impact of imposed factors (generated in the new neoliberal culture) than inherited factors.

Bosnia herzegovina · Business · Capital (architecture) · Development economics · Economic growth · Economic history · Economic policy · Economics · Geography · Montenegro · Political science · Regional science · Regional Development and Management Studies · Social Capital and Networks

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Unique citing works3
Citations per year0,5
Citation span2020 - 2022 (3)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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