Trust: The Social Virtues and the Creation of ProsperityIn his bestselling The End of History and the Last Man, Francis Fukuyama argued that the end of the Cold War would also mean the beginning of a struggle for position in the rapidly emerging order of 21st-century capitalism. In Trust, a penetrating assessment of the emerging global economic order "after History," he explains the social principles of economic life and tells us what we need to know to win the coming struggle for world dominance. Challenging orthodoxies of both the left and right, Fukuyama examines a wide range of national cultures in order to divine the underlying principles that foster social and economic prosperity. Insisting that we cannot divorce economic life from cultural life, he contends that in an era when social capital may be as important as physical capital, only those societies with a high degree of social trust will be able to create the flexible, large-scale business organizations that are needed to compete in the new global economy. A brilliant study of the interconnectedness of economic life with cultural life, Trust is also an essential antidote to the increasing drift of American culture into extreme forms of individualism, which, if unchecked, will have dire consequences for the nation's economic health. |
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Page 26
... Social capital is a capability that arises from the prevalence of trust in a society or in certain parts of it . It can be embodied in the smallest and most basic social group , the family , as well as the largest of all groups , the ...
... Social capital is a capability that arises from the prevalence of trust in a society or in certain parts of it . It can be embodied in the smallest and most basic social group , the family , as well as the largest of all groups , the ...
Page 34
The Social Virtues and the Creation of Prosperity Francis Fukuyama. versal laws ; they can be interpreted only through what Clifford Geertz calls " thick description , " an ethnographic technique that takes account of the variety and ...
The Social Virtues and the Creation of Prosperity Francis Fukuyama. versal laws ; they can be interpreted only through what Clifford Geertz calls " thick description , " an ethnographic technique that takes account of the variety and ...
Page 319
... social benefits . Many educated people have a dis- taste for certain forms of religiosity , particularly that of Christian funda- mentalists , and believe themselves above such dogmas . But they need to look to religion's social ...
... social benefits . Many educated people have a dis- taste for certain forms of religiosity , particularly that of Christian funda- mentalists , and believe themselves above such dogmas . But they need to look to religion's social ...
Contents
On the Human Situation at the End of History | 3 |
The Twenty Percent Solution | 13 |
Scale and Trust | 23 |
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 counterparts countries create culture degree democracy economic development economists enterprises entrepreneurs ethical Europe example factory familistic family businesses France French German global groups growth guilds high-trust History Hong Kong human iemoto important individual individualistic institutions Italy Japan Japanese Journal keiretsu kinship Korean labor large-scale lean manufacturing lean production liberal lifetime employment lineage low-trust manufacturing mass production Max Weber ment modern moral Mormon neoclassical neoclassical economics nomic obligation peasant percent political problem professionally managed Protestant Protestantism relations relationships relatively Religion religious revolution role scale sector share skills social capital Sociology spontaneous sociability Stanford Studies suppliers Taiwan tend tion traditional trust twentieth century unions United Weber workers workplace York zaibatsu