Exploring Social Capital within Damietta’s furniture industry value chain as mode of community currency

Heysham, NH ORCID: https://orcid.org/0000-0003-4149-8020, Elkadi, HA ORCID: https://orcid.org/0000-0001-7482-1037 and Biscaya, S ORCID: https://orcid.org/0000-0003-4086-8552 2021, 'Exploring Social Capital within Damietta’s furniture industry value chain as mode of community currency' , International Journal of Community Currency Research, 25 (1) , pp. 52-67.

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Social Capital contributes to the development of professions as well as communities, especially in small scale urban settings with a dense interlocking social structure. Within industry-based communities, a strong Social Capital Network acts as a basis for transactions between enterprises, which strongly ties into the drivers that constitute many of today’s community/alternative currency initiatives. Furniture enterprises in Damietta form the main economic base of the city, with majority of residents working in furniture-related activities, passing down their businesses through generations. This paper examines the impact of Social Capital on the nature of this industry’s value chain and extent of its influence on business patterns and transactions as a driving force towards an unspoken alternative currency. This is achieved though examining Damietta’s existing spatial, social and business patterns, which arise and influence the city’s socio-economic industry dynamics. The paper aims at provoking arguments on geographical scale and lifestyle patterns being instrumental in the formulation of a local system of transactions based on Social Capital. The paper builds on the work of Putnam, Wallman and Porter, using interviews and GIS spatial mapping to investigate the connection between Social Capital measures (trust, networks and norms), local furniture industry value chain and socio-spatial living and working patterns in Damietta. The results reveal spatial and social connections that exhibit how Social Capital in Damietta’s Furniture industry drives an unspoken currency between enterprises in the city.

Item Type: Article
Schools: Schools > School of the Built Environment
Journal or Publication Title: International Journal of Community Currency Research
Publisher: International Research Association on Monetary Innovation and Complementary and Community Currency Systems (Ramics)
ISSN: 1325-9547
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Depositing User: Professor Hisham Elkadi
Date Deposited: 30 Jul 2021 07:33
Last Modified: 27 Aug 2021 21:55
URI: http://usir.salford.ac.uk/id/eprint/61218

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