Social Capital and Economic Development: Learning From Kasih Sayang Village

DOI

10.2991/assehr.k.200214.044How to use a DOI?

Keywords

social capital, bond of love, empowerment, economic development, congregation

Abstract

Economic development generally relies on economic capital as the main determinant of economic growth. Whereas social capital such as the spirit of cooperation, mutual cooperation, and love can also be used as development capital. This study aims to explain whether social capital (love) can be used to drive the economy. It uses the qualitative approach where Kasih Sayang Village, also known as Perkampungan Majelis Ta’lim Fardhu ‘Ain (MAFTA) is chosen as the research location. With the goal to explore how Kasih Sayang Village empowers economy by using social capital, the findings reveal that Kasih Sayang Village community constructs their economy through the basis of mutual understanding about the bond of love among all community. With that understanding, they manage many potential economic resources to fullfill community needs with a principle: from, by and for the sake of the community. The use of social capital appears to be effective in making Kasih Sayang Village as one of an economically self-sufficient villages in North Sumatra.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Isnaini Harahap
AU  - Muhammad Yafiz
AU  - Marliyah
AU  - Chuzaimah Batubara
AU  - Azhari Akmal Tarigan
PY  - 2020
DA  - 2020/02/18
TI  - Social Capital and Economic Development: Learning From Kasih Sayang Village
BT  - Proceedings of the International Conference on Social Studies and Environmental Issues (ICOSSEI 2019)
PB  - Atlantis Press
SP  - 250
EP  - 256
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200214.044
DO  - 10.2991/assehr.k.200214.044
ID  - Harahap2020
ER  -