
645Endogenous and Exogenous Determinants of the Development of Modern Towns
fact that “social capital, which is the outcome of networking relations between autonomous partners
involved in local development, favours long-term cooperation, helps deepen economic relationships
and contributes to the trust building. The ability to participate in cooperation and partnership is
referred to as a social treasure.”
Major inuence on the local market effectiveness is exerted by the level of development of entre-
preneurship in the economic sphere. The denser the network, the larger the possibility of external
TABLE 55.1
Relevance of Internal Factors of Local ...