Building Social Capital for Local Development : The Economy of Poor and the Win-Win-Win Model

The paper focuses, by 'good paradigms' on a 'new' poor areas development concept, by a win-win-win methodology [well known as 'Papakonstantinidis Model']. It highlights both: (a) the globalization and the local development methodology contradiction in terms of 'diversification rate' from the global economy practices and (b) the contradiction between focus (DC) & focus necessity (LDC) in the world market: globalization is a phenomenon, mainly based on bargaining behavior rules and the individual winning strategies. From the other hand, local development may be concerned as a human/ political intervention and will in the bargain: it is suggested to be measured as the diversification rate from pure bargaining/and/or/ Globalization Rules. It concerns the 4/5 of the world population, named the 'society of the poor.' From this point of view, the paper focuses on the 'Local Development' term, as a discrete entity in a global economy, or a dichotomy in the globalization (bargaining) process: local development is more than economic term/globalization methodology : based on social capital building, includes social cohesion, local skills, the sensitization process, etc., instead of individual winning strategies, in the bargain It’s more than a win-win- win- approach, taking into account social capital and cohesion than pure economic/ market rules