It's time to end this development disconnect
Submitted by Pamela on 7 October 2014 - 3:54pm
Effective development happens when financial capital and social capital are combined appropriately. Financial capital is needed, obviously, for things that need to be bought. But there are things that can't be bought. Social capital provides those things that can't be bought - reputation, trust, local knowledge and networks, fluency in local languages, understanding of (and being part of) local culture, vision based on insights about local opportunities and challenges. The disconnect Sadly, but understandably, there is often a disconnect between financial capital and social capital. The disconnect can be particularly challenging if the financial capital and the social capital are...