What is 'social capital' in relation to community development?

Social capital refers to the networks, relationships, and social interactions that facilitate cooperation and collaboration within a community. It emphasizes the importance of connections among individuals and groups, which enable them to work together effectively towards common goals. In the context of community development, strong social capital can lead to greater community resilience, improved social cohesion, and enhanced access to resources and opportunities.

Communities with high levels of social capital benefit from trust, shared values, and mutual aid, which can contribute to better decision-making and foster a supportive environment for initiatives aimed at addressing local needs. While other factors like financial resources, physical assets, and educational levels are important for community development, social capital specifically highlights the role of human relationships and networks in achieving sustainable progress.