Both glue and lubricant: Transnational ethnic social capital as a source of Asia-Pacific subregionalism
Social capital not only forms and functions at the individual, group, and organizational levels, but also permeates and transcends the political and geographic boundaries of nation-states. This paper examines transnational ethnic social networks based on ancestral and kinship ties as a form of social capital that facilitates economic growth and transformation in a transborder subregional context. Transnational ethnic social capital works by gluing multiple economic actors on opposite sides of a border together and by lubricating economic transactions among them. When purposefully mobilized by government policies, transnational ethnic social capital in turn induces more responsive and efficient policy initiatives and implementation. This paper also considers whether ethnic social capital is both a necessary and sufficient condition for successful transnational subregionalism by demonstrating its interaction with certain crucial complementary or contradictory factors.
KeywordsSocial Capital Pearl River Delta Mutual Trust Port City South Korean Company
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