The theory of social capital in studying immigrant livelihoods

DOI: 10.18173/2354-1067.2020-0062

Abstract

Social capital is the term that receives lots of attention from Vietnamese and international authors. Social capital reduces the costs of economic transactions. It does not directly produce material and spiritual benefits, but converts it into other types of capital, thereby producing benefits. Social capital is important for immigrants in addition to other types of capital. The paper aims to analyze the theoretical views of different authors on social capital, livelihoods as well as the role of social capital in general and livelihoods of immigrants in particular. Using social capital in livelihood strategies has helped immigrants reduce costs in the addition of information on knowledge, career experience, procurement of livelihood assets; and find work, business cooperation,...