Define and explain the term ‘social capital’

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Define and explain the term ‘social capital’

Read the ataached article “The Importance of Social Capital to the Management of Multinational Enterprises” and write an essay type paper answering to the following questions in 5 pages  (2000 words):

1.      
Define and explain the term ‘social capital’.

2.      
Explain why social capital has gained its importance in today’s business world.

3.      
What are the advantages of effective social capital between firms?

4.      
Describe briefly the three dimensions of social capital.

5.      
Describe the differences and similarities of the social capital in Japan, Korea and China.

6.      
What should Western companies learn from their Eastern counterparts?

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