Scientists and scholars have been on a quest over the past decade to better understand and measure the interplay between social relationships and economic performance. Volker Bornschier, a sociologist at the
Most of us are not fully familiar with the emerging phenomenon of ‘social capital’ — an area of study where culture and economics confluence. Francis Fukuyama, says, relation-based societies generate culturally defined social capital. Social capital is non-formal networking based on kinship within societies. The emerging view is that social capital expedites the socio-economic development process. So social capital refers to people's ability to work together in groups, I prefer to define the concept more broadly to include any instance in which people cooperate for common ends on the basis of shared informal norms and values. Social capital is regarded as a key ingredient in both economic development and political empowerment.
While we as individuals are related by families, our community identity links our families; this transcends the local limits and networks the people across the world now. This collective network stretched across the globe is our collective Social capital and if used positively we will see economic progress and positive drive of development on all fronts including social and political fronts.
Let consider Indian analogy, Caste base network has been is a very strong bond and effectively used rather exploited political objectives, same route can also be use for economic empowerment. Let me give you couple of illustrations. The caste system, which was admittedly savvy with economics over millennia, has in modern times engaged the market in economics and democracy in politics to reinvent itself. It has become a great source of entrepreneurship also. The entrepreneurship generated by the Patel caste today dominates two-thirds of the global diamond trade. The Nadar caste runs over three-fourths of the retail trade, match works, and fireworks in Tamil Nadu. In Tirupur, Goundar caste entrepreneurs, 80 per cent of whom are not even matriculates, compete at the global level, exporting knitwear garments valued at over $2 billion. The World Development Report 2001 found that the social networking within the Goundar caste and the circulation of capital by trust had enabled Tirupur’s rise as a global knitwear hub. In Sankagiri and Namakkal in Tamil Nadu, Goundar caste entrepreneurs own the largest fleet of lorry, tanker, and tipper transport vehicles in the whole of
Now to conclude, nothing will remain unachieved if we build this social capital; social capital is nothing but network of trust and cooperation that spreads beyond family and covers entire community. Accounting to Robert Putnam, Social capital (SC) can be quantified or measured (SC =
n1..t. ) and ‘n’ tracks number of sub organizations within the social group. So it not bad to have large number of communities in any society or country, what is bad is if they don’t sum up (
) and are at logger heads. For diverse countries like


Some of basic tenants of architectural design over the last fifty years are called into question by globalization’s continual flattening of the world. The fact that people from diverse and remote locations and cultures contribute to a given project’s development has significant implications for practice. This also presents the risk that individual contributors who are employed from remote areas may lack essential contextual knowledge not only about a specific project, but also about its local building industry and its local culture.
The availability of talented manpower, lower costs and best infrastructure has helped architectural outsourcing to India gather commendable speed. With the increase in offshore demands and wielding the latest software and technical skills, architectural designing outsourcing in India serves clients from the UK, the US and the Middle East. A number of small-medium firms with 50+ employees have mushroomed across the country offering quality services at a fraction of the cost. The growth in the industry has been so spectacular that the rupee crunch and fall in the number of skilled resources has not drastically affected most firms.