SOCIAL CAPITAL: A New Spirit And Opportunity

Abstract

The Covid-19 (corona virus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. While social capital plays a key role in official Covid-19 strategies around the usiness world. The elements of social capital consist of trust, values, social network and understandings in society that enable individuals and groups to trust each other and so work together. Cooperation is not possible if it is not based on mutual trust between the parties involved and trust can increase tolerance for uncertainty. The function of social capital is: as a tool to overcome existing conflicts in society, contribute independently to the occurrence of social integration, participate in creating social solidarity with the pillars of volunteerism, participate in building community participation, as a pillar of democracy and a bargaining tool for the government. There are 3 Social Capital approaches, namely micro, meso and macro approaches. In the end, this social capital approach requires synergy between businesses, business groups / centers and the government to gain economic and social benefits and achieve independence of the local market.