The Power of Social Capital in Barter Transaction at Traditional Market

DOI

10.2991/icss-19.2019.42How to use a DOI?

Keywords

Social Capital; Barter Transactions; Traditional Markets.

Abstract

This study mainly aims at discovering the forms of social capital which serve as the strength in barter transaction at a traditional market. This study uses qualitative research methods with data collection techniques using triangulation in the form of observation; interviews and documentation. Data analysis applies planned change model proposed by Spradley. Research findings show that social capitals existing in the barter transaction at Blante Market include trust; network; reciprocity; norms and values manifested in the three channels of actors who use barter as transactions. First; animal owners. Social capitals of cattle owners are in terms of: trust in animal quality; free exchange of information between friends; verbal transaction agreements and honesty; Second; the social capital found between brokers and animal owners include: the smooth distribution of information; the existence of unlimited friendship; transactions without cancellation; good name as capital; the extent of ownership and responsibility for other people's belongings; and Third; the chain of animal owners and the blante can be seen in terms of: the reciprocity of information and support in getting animals; honesty in providing information and the existence of a strong family and friendship network The strong role of social capital in barter transaction activities between the actors is manifested in (1) The transparent transactions leading to the reduced cost of information between the actors; (2) Access to free information that makes it easy to get animals having good quality and high economic value; (3) Respect for one's ownership rights shown by sense of belonging and responsibility to keep animal without security and maintenance costs; (4) commitments to contractual agreements that reduce the cancellation of items that have been exchanged; (5) The end of a barter transaction is signified by agreement with no written receipt as legal ownership. The strength of social capital in barter transactions proves that traditional markets can survive despite the rapid development of modern markets.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rahel Kimbal
PY  - 2019/11
DA  - 2019/11
TI  - The Power of Social Capital in Barter Transaction at Traditional Market
BT  - Proceedings of the International Conference on Social Science 2019 (ICSS 2019)
PB  - Atlantis Press
SP  - 989
EP  - 995
SN  - 2352-5398
UR  - https://doi.org/10.2991/icss-19.2019.42
DO  - 10.2991/icss-19.2019.42
ID  - Kimbal2019/11
ER  -