The Concept of "Friendship Encashment": A Global Perspective on Trust, Honesty, and Reciprocity in Business and Personal Relationships
In our interconnected world, the dynamics of friendship encashment —leveraging relationships for personal or financial gain—are not confined to any single society or culture. It happens everywhere, but how it's perceived and practiced varies widely across countries. This phenomenon can be analyzed through the lens of established social theories , as well as empirical data that evaluates countries based on trust , honesty , and business ethics . In this blog, we'll explore the relationship between personal bonds and transactional behavior globally, referencing well-recognized theories and empirical studies to understand how friendship encashment manifests in different cultures. The Theory of Reciprocity and Social Capital To understand the dynamics of friendship encashment , we first need to examine the theory of reciprocity , which is central to human interactions. The principle of reciprocity suggests that people tend to return favors or benefits when given, often as part of ...