Coping With Social Capital? The Cultural Economy of Tourism in The North

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Abstract
This article engages critically with recent social theorising about local development, with illustrative examples from Icelandic peripheral settings. People in resource–based localities have attempted to cope with the transformations of late modernity in various ways. Such coping strategies consist of reflexive social practices which simultaneously produce and make use of social capital. A view of social capital as embedded in practice is advanced: instead of considering it as being a quantitatively measurable property of individuals, communities or even nations, we suggest a qualitative, interactionist approach. Seen in this way, the analytical concepts of coping and social capital are helpful for understanding current trends from resource–based towards cultural economies. Tourism is one such trajectory which has become particularly significant in Iceland. Examples of coping and social capital are provided in the article, obtained from the authors’ studies of tourist operators in two Icelandic localities.

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