Edited by Yaojun Li
The question on the relationship between social capital and marketization is whether social capital is a useful non-market power or just another feature of market power. According to some scholars, social capital and marketization are both influential factors but difficult to measure. Results from the empirical research on this relationship are also different. Based on the data from the Job Searching Network Survey (JSNET 2009) of eight cities in China, this study shows that different measurements have different effects on the relationship between social capital and marketization. Despite these differences, however, we do find that marketization enhances people’s recognition of social capital, but reduces the value of social capital as a tool in job searching. In this study, we explore whether social capital is becoming stronger or weaker as the Chinese marketization process deepens. The study on the relationship between social capital and marketization is beneficial to the development of social capital theory and to the understanding of Chinese economic and social transformation. The issue is of high theoretical and policy significance and has drawn increasing attention from scholars. In this study, we wish to make a further contribution to research in this area.
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