The report Social Capital for Industrial Development: Operationalizing the Concept is part of a broader research programme of the United Nations Industrial Development Organization (UNIDO), called Combating Marginalization and Poverty through Industrial Development (COMPID). The Industrial Development Report 2002-2003 posits that, especially in the least developed countries, building industrial competitiveness ". . . can involve heavy costs and great risks and uncertainties." The main reason for conducting research on operationalizing social capital, which can be broadly understood as the economic effects of social relations, is that there are grounds for believing that social capital can potentially mitigate some of the risks and uncertainties in low-income and marginalized countries, and can help to increase their level of competitiveness.
Bibliography: Knorringa, Peter and Irene van Staveren. 2006. "Social Capital for Industrial Development: Operationalizing the Concept." United Nations Industrial Development Organization, Vienna.
