The Emergence of Trust Networks under Uncertainty: The Case of Transitional Economies - Insights from Social Psychological Research

Cook, KS, Rice, ERW and Gerbasi, AM (2004) The Emergence of Trust Networks under Uncertainty: The Case of Transitional Economies - Insights from Social Psychological Research In: Creating Social Trust in Post-Socialist Transition. Political Evolution and Institutional Change (10). Palgrave Macmillan US, pp. 193-212. ISBN 1403964491

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Abstract

When uncertainty and risk are associated with economic and social transactions, relatively closed trust networks often emerge to facilitate various types of informal cooperation. In Russia, for example, “blat” is an extensive form of informal exchange that emerged to provide scarce resources and services or favors (Ledeneva 1998; Lomnitz 1988). Moving from a social system in which the dominant mode of interaction is closed groups or networks to more open networks, such as those required to support the transition to a market economy and democratic institutions, is likely to be difficult. Our main claim is that uncertainty and risk (such as that created by corruption and dishonesty) lead to the formation of trust networks that are narrow and closed. One disadvantage of such closed networks of exchange is that they limit access to opportunities outside the network.

Item Type:	Book Section
Subjects :	Management
Divisions :	Faculty of Arts and Social Sciences > School of Hospitality and Tourism Management
Authors :	Name Email ORCID Cook, KS Rice, ERW Gerbasi, AM
Editors :	Name Email ORCID Rothstein, B Steinmo, S Kornai, J Rose-Ackerman, S
Date :	26 June 2004
DOI :	10.1057/9781403980663
Copyright Disclaimer :	Copyright © 2004 Palgrave Macmillan, a division of Macmillan Publishers Limited
Related URLs :	Publisher
Depositing User :	Symplectic Elements
Date Deposited :	07 Sep 2016 08:09
Last Modified :	31 Oct 2017 18:40
URI:	http://epubs.surrey.ac.uk/id/eprint/811999

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