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A Theoretical Study on Trust Building in Economic Space  

Sung, Sin-Je (Department of Social Studies Education, Graduate School, Pusan National University)
Lee, Hee-Yul (Division of Social Studies Education, Pusan National University)
Publication Information
Journal of the Korean Geographical Society / v.42, no.4, 2007 , pp. 560-581 More about this Journal
Abstract
The purpose of this paper is to present a conceptual framework and a stage of development of trust building and to study the factors affecting on the trust building in economics space. Conceptual framework on trust building in economics space is combined of in the three approaches. The macro(structural and institutional) approach includes normative and regulative factors(laws, norms), and positionality in social and economic systems(beliefs, political ideologies, institutions). The meso(intersubjective) approach contains the personal fronts(expressive factors, social cues, significant symbols) and settings(physical space, intermediary such as technologies & knowledges). The micro(subjective) approach comprises the willingness(internalization of value) and calculation(risk and uncertainties analysis) of economic actors. According to sustainable cooperation among economic actors, trust building to the macro(structural and institutional) level, the meso(intersubjective) level, and the micro(subjective) level develop by stages. The factors such as long-term and repeated interaction, information sharing and reciprocity, interdependence and asset specificity, uncertainty, proximity, and culture & norm of corporate and formal institution are determinants on the trust building across economic actors in economic space.
Keywords
economics space; trust building; macro(structural and institutional) approach; meso(intersubjective) approach; micro(subjective) approach;
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