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Trust in transactions

Contributor(s): Ray, Prasanta | Sen, Rukmini.
Publisher: New Delhi Orient BlackSwan 2019Description: xvii, 308p.ISBN: 9789352876259.Subject(s): Economic Aspect -- Capital -- IndiaDDC classification: 338.850954 Summary: Trust, the foundation of cooperative living, is an important part of all social relationships. There is no site—institutions, organisations, nation-states—where relationships can be sustained without trust. In India, trust has currently become an important issue. Citizens are concerned about the trustworthiness of policies and practices that lie at the intersection of governance and economy. Transactions are at the centre of all economic activities, conducted by a variety of economic actors. Hence, trust is a vital facilitator of transaction. Trust is seen here as relational trust, trust developed from and sustained by relationships between the trusting and the trusted. Beginning with an overview of trust analysis across disciplines, the chapters analyse a range of transaction spaces and stakeholders engaged in making, sustaining and reconfiguring trust. The spaces include: *factories and financial institutions; *homes, neighbourhoods and streets, where trust is a critical variable in some economic transactions taking place. The different players and stakeholders in these transactions of trust include: *organised labour, *migrant workers, *self-help/neighbourhood groups, *domestic workers and caregivers, and *street children.
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Trust, the foundation of cooperative living, is an important part of all social relationships. There is no site—institutions, organisations, nation-states—where relationships can be sustained without trust. In India, trust has currently become an important issue. Citizens are concerned about the trustworthiness of policies and practices that lie at the intersection of governance and economy. Transactions are at the centre of all economic activities, conducted by a variety of economic actors. Hence, trust is a vital facilitator of transaction. Trust is seen here as relational trust, trust developed from and sustained by relationships between the trusting and the trusted. Beginning with an overview of trust analysis across disciplines, the chapters analyse a range of transaction spaces and stakeholders engaged in making, sustaining and reconfiguring trust.
The spaces include:
*factories and financial institutions;
*homes, neighbourhoods and streets, where trust is a critical variable in some economic transactions taking place.

The different players and stakeholders in these transactions of trust include:
*organised labour,
*migrant workers,
*self-help/neighbourhood groups,
*domestic workers and caregivers, and
*street children.

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