Socio-Cultural Capital as a Cause of Economic and Institutional Crisis in Montenegro, Serbia and Bosnia and Herzegovina

• Autorzy: Milica Delibasic
• Języki publikacji: EN

Abstrakty

EN

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. (original abstract)

Słowa kluczowe

EN

Social capital; Social and cultural condition; Institutional economics

PL

Kapitał społeczny; Uwarunkowania społeczno-kulturowe; Ekonomia instytucjonalna

• Czasopismo: Economics & Sociology
• Rocznik: 2018
• Tom: 11
• Numer: nr 4
• Strony: 219--229

Twórcy

autor

Milica Delibasic

• Mediterranean University, Podgorica, Montenegro

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Identyfikatory

DOI

10.14254/2071789X.2018/11-4/14