Fragmentation of Global Social Capital
Bibliographic Data
| ID | 7173154 |
|---|---|
| Authors | V Loktionov (0000-0001-8478-3222, Melentiev Energy Systems Institute Siberian Branch of the Russian Academy of Sciences, 130, Lermontov Str., 664033, Irkutsk, Russian Federation, corresponding author) |
| Year | 2025 |
| Volume | 69 |
| Issue | 7 |
| Pages | 5-14 |
| Publication date | 2025-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | World Economy and International Relations (JOURNAL) |
| Journal identifiers | ISSN: 0131-2227 • E-ISSN: 2782-4330 |
| Publisher | Primakov Institute of World Economy and International Relations (PUBLISHER) |
| DOI | 10.20542/0131-2227-2025-69-7-5-14 |
| OpenAlex | W4412133033 |
| Language | EN |
| References cited | 22 |
The accumulation of social capital is a necessary condition for economic growth, as it decreases transactional costs. Since the first industrial revolution, economic growth has been ensured, among other things, by expanding the area of accumulation of social capital: from local to global accumulation. At the beginning of the 21st century, as a result of increasing geopolitical turbulence and intensifying competition between countries for dominance, a process of fragmentation of global social capital has begun, consisting in the rupture of interaction networks between competing countries against the background of its further accumulation within the framework of existing political alliances. The fragmentation of global social capital could be traced by such facts as the emergence of new and the expansion of existing international organizations within the framework of established political alliances; by changes in the flows of international capital; by the intensification of cultural exchange between countries within the framework of existing political alliances; by changes in migration flows. The process of fragmentation of global social capital is self-sustaining, since it leads to a change in the structure of comparative costs of forming new networks of interaction with different countries. The costs of forming networks of interaction with countries that are part of one geopolitical alliance will decrease against the background of a radical increase in the time and financial costs of forming new networks of interaction with representatives of competing geopolitical unions. The article examines the factors that determined the dynamics of accumulation of global social capital, and draws conclusions about the consequences of its fragmentation, which include a slowdown in the transition to sustainable economy and the change in government strategies for accumulating national social capital
Business · Economic geography · Fragmentation (computing) · Geography · Political science · Social capital · Computer Science · Migration and Labor Dynamics · Social Capital and Networks · Social Policy and Reform Studies
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A Culture of Growth
Geopolitical risks and energy transition
Social Capital and Economic Development
Measuring Social Capital
The Risk of the Global Economy’s Fragmentation Is Growing
The Moral Foundations of Trust
The Rural School Community Center
Economic Growth and Social Capital
Social Capital in (Dis)Similar Democracies
Geopolitical Regionalism and New Regionalization of the World Economy
Social capital, civil society and development
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Social Capital
Social Capital
| Citation velocity | historical |
|---|---|
| Highly cited | No |