Social Capitalism
The role of social capital became obvious during the pandemic, which has fallen hardest on those countries and communities with the least amount of mutual trust and solidarity. With many of the crisis-era changes in working arrangements likely to persist, social connections will hold the key to future growth.
MILAN – The COVID-19 pandemic has damaged the stock of physical and human capital. Firms have postponed or canceled investment projects, and laid-off or furloughed workers’ skills have deteriorated. The crisis, however, has boosted the oft-overlooked variable of social capital, elevating its role as a key source of economic growth.