engleski

Social Trust and Economic Growth in Croatia

Social trust as one of the dimensions of social capital is one of the determinants that have a positive value for the economic and social development of the community. The paper gives a definition of social trust, in some works called generalized trust. Furthermore, it outlines the research that links social trust and economic activity, an overview of social trust in the transitional period of Croatia, and the relationship between social trust and the economic growth of society. The paper is focused on some important features of social trust and the usual assumption that the lack of social trust has negative effects on society as a whole. It is considered that the foundation of trust between economic and institutional stakeholders, together with the appreciated and recognized co-operation allows for long-term community progress. The paper is based on a research of the level of social trust among the citizens of the Republic of Croatia since 1995, when World Values Surveys for the first time included Croatia in the research, until the survey conducted in 2012. The paper is focused on six time-points showing changes in the level of social trust. The ultimate question of this work is how the lack of social trust can be a barrier to economic and social development.

Social Capital, Economic Growth

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