Trust: The Social Virtues and the Creation of Prosperity Paperback – 1 Jun 1996
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Johanna Neuman "USA Today" The book, like its title, is an investment worth making.
The book, like its title, is an investment worth making.
"Los Angeles Times Book Review"
A work of interdisciplinary synthesis that shows a superior mind in action.
"Washington Post Book World"
The ultimate book for those who seek to understand economics but realize that they are nestled in societies and cultures. A whole new way of doing economics.
Robert Kaplan "Los Angeles Times Book Review" A work of interdisciplinary synthesis that shows a superior mind in action.
Amitai Etzioni "Washington Post Book World" The ultimate book for those who seek to understand economics but realize that they are nestled in societies and cultures. A whole new way of doing economics.
About the Author
Francis Fukuyama, a senior social scientist at the Rand Corporation, lives in McLean, Virginia.
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Top Customer Reviews
Many commentators have tried to evaluate the importance of culture in determining national economic success. Fukuyama claims to have identified the key, performance-determining, aspect of national culture, namely, the level of trust present in a society. He maintains that culture is of critical importance to everyday economic life and that only high trust societies can create the kind of large scale business enterprises that are needed to compete in today's global economy.
The culturalist view of history attributes the success of Japan and later of other East Asian countries such as China, Hong Kong, Malaysia, Singapore, South Korea and Taiwan to their common Confucian traditions and their concomitant cultural characteristics. However, the traditional drawing of distinctions between Eastern and Western cultures is seen as too simplistic by Fukuyama, who points out the many differences inherent in East Asian societies. He points out not only the differences between Japan and China, but also those between China and Chinese societies abroad such as Taiwan and Hong Kong. This attention to detail and depth of analysis is one of the strengths of Fukuyama's study.Read more ›
I found this book to be quite fascinating. I must admit that I am not an expert on economics, but I found the author's arguments quite convincing. His examination of various countries explained a lot of things that I have noticed before, but he succeeds in putting it all into a whole new paradigm. I highly enjoyed this though-provoking book, and recommend it to everyone!
Reading this book explains why Americans should hesitate to invest in China (they only really trust those in their own families). It explains why Japanese trust their companies not to be fired. And it explains why American conservatives favor local and private solutions to problems rather than government.
Businessmen and others who assume all people think like Americans might benefit from reading this.
One problem is that it is a thoughtful book, but not a book that is easy to read.
Francis Fukuyama's book comes as a sequel to his magnum opus 'The End of History and The Last Man' which made waves in academic circles. In this book he claimed that after the demise of communism, history had virtually come to a halt - income the free market concepts like de-regulation, liberalization and free competition and all others exeunt.
In his latest book, he adds another ingredient for the making of a successful society - social capital. The author gives the idea of trust. According to him trust is the expectation that arises within a community of regular, honest, and cooperative behaviour, based on commonly shared norms, on part of other members of that community.
He divides societies on the basis of the quantum of trust that exists therein. China, France, Korea and Italy are low-trust societies whereas Japan, Germany, America are high-trust.
He starts from social set-up and correlates it with the industrial structure a society may evolve for itself, and tells how the former determines the position of a country in the global diversion of labour. Though people may interact through contract lams but if they trust each other the cost may be effectively reduced.Read more ›
Most Recent Customer Reviews
Very interesting reading, and sociological approach to economy.Published 23 months ago by Rui Alexandre M. Leao
This book is huge (just under 500 pages) statistical, and intimidating. But if you have an interest in culture and trust it is a must read. Read morePublished on 5 April 2012 by Sadie Forsythe
A "cut-and-paste job" that repeatedly leads one to think that it is going somewhere, but rarely provides adequate substantiation of the author's claims. Read morePublished on 24 April 1999
Although I did not find it as enlightening as his previous work; 'The End of History and the Last Man', I did come out of it feeling that I gained considerable insight in the... Read morePublished on 19 Dec. 1998
This book blends together extensively detailed research and great style of presentation. Immensely readable. Read morePublished on 13 Nov. 1998
Fukuyama's Trust is a valuable piece of work offering an interesting insight into the civil-society school of thought. Read morePublished on 8 Dec. 1997
Many in the West look with disbelief and awe at the growth of the East Asian tigers in recent years. Read morePublished on 5 Feb. 1997
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