Re‐evaluating the Contribution of Social Capital in Achieving Sustainable Development

Abstract

The last decade has seen considerable interest in the concept of social capital and there have been a number of publications focused around the concept. A wide range of claims have been made for the analytic potential of social capital leading some to question the concept's continued value. We think that the concept still has considerable value if used in a careful and rigorous way. We further think that the concept has particular value when considering policy for sustainable development. However, just as sustainable development is a multi‐faceted concept, this application requires a multi‐faceted reading of social capital. Having concluded that a clearer typology of social capital is needed, we propose a threefold typology, adding the new category of ‘bracing’ social capital to the more commonly used distinction between ‘bonding’ and ‘bridging’ social capital. We also address the issues of what social capital can do and how it actually works, specifically in the context of policy for sustainable development.