Trust: The Social Virtues and the Creation of ProsperityIn Trust, a sweeping assessment of the emerging global economic order "after History", Fukuyama examines a wide range of national cultures in order to divine the hidden principles that make a good and prosperous society, and his findings strongly challenge the orthodoxies of both left and right. In fact, economic life is pervaded by culture and depends, Fukuyama maintains, on moral bonds of social trust. This is the unspoken, unwritten bond between fellow citizens that facilitates transactions, empowers individual creativity, and justifies collective action. In the global struggle for economic predominance that is now upon us - a struggle in which cultural differences will become the chief determinant of national success - the social capital represented by trust will be as important as physical capital. But trust varies greatly from one society to another, and a map of how social capital is distributed around the world yields many surprises. The greatness of this country, he maintains, was built not on its imagined ethos of individualism but on the cohesiveness of its civil associations and the strength of its communities. But Fukuyama warns that our drift into a more and more extreme rights-centered individualism - a radical departure from our past communitarian tradition - holds more peril for the future of America than any competition from abroad. |
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Page 11
... capital , the United States has been living off a fund of social capital . Just as its savings rate has been too low to replace physical plant and infra- structure adequately , so its replenishment of social capital has lagged in recent ...
... capital , the United States has been living off a fund of social capital . Just as its savings rate has been too low to replace physical plant and infra- structure adequately , so its replenishment of social capital has lagged in recent ...
Page 26
... capital differs from other forms of human capital insofar as it is usually created and transmit- ted through cultural mechanisms like religion , tradition , or historical habit . Economists typically argue that the formation of social ...
... capital differs from other forms of human capital insofar as it is usually created and transmit- ted through cultural mechanisms like religion , tradition , or historical habit . Economists typically argue that the formation of social ...
Page 203
... capital that the market alone would not have provided at a similar interest rate.21 Large banks independent of keiretsu ties could have performed a simi- lar role in capitalizing industry . There are several possible reasons that they ...
... capital that the market alone would not have provided at a similar interest rate.21 Large banks independent of keiretsu ties could have performed a simi- lar role in capitalizing industry . There are several possible reasons that they ...
Contents
On the Human Situation at the End of History | 3 |
PART II | 12 |
The Twenty Percent Solution | 13 |
Copyright | |
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American argue Asia Asian associations authority behavior Cambridge central chaebol Chalmers Johnson China Chinese family Chinese societies church companies Comparative competitive Confucianism contrast corporations countries create culture degree democracy economic development economists efficient enterprises entrepreneurs ethical Europe example factory familistic family businesses firms France French German global groups growth habit high-trust History Hong Kong human iemoto important individual individualistic industrial institutions Italy Japan Japanese keiretsu kinship Korean labor large-scale lean manufacturing lean production less liberal lineage low-trust manufacturing ment modern moral Mormon neoclassical neoclassical economics nomic obligation organizations peasant percent political problem professionally managed Protestant Protestantism relationships relatively religious revolution role scale sector share social capital South Korea spontaneous sociability structure Studies Taiwan tend tion traditional trust twentieth century unions United University Press virtually Weber workers workplace York zaibatsu