The usefulness of social capital in assessing the welfare effects of private and third‐party certification food safety policy standards: Trust and networks

Abstract

Purpose

The aim of this paper is to assess the welfare effects of the newest trends in food safety policies characterised by the shift from public to private intervention.

Design/methodology/approach

Food safety policies are analysed through concepts of new economic sociology, with a critical review of the literature on social capital.

Findings

The article shows that as food safety and quality attributes responsible for the exchange complexity are simply codified and enforced through standards and third‐party certification, the global value chain governance shifts from a relational type to a power‐based type, with possible negative welfare effects.

Research limitations/implications

Further research would be required to verify the welfare effects suggested on the theoretical ground.

Practical implications

The article makes a useful updating of food safety policies and organisational innovation in the food system.

Originality/value

The paper introduces some new (with respect to the marketing literature related to the food system) concepts and theories of economic sociology.

Citation

Sodano, V., Hingley, M. and Lindgreen, A. (2008), "The usefulness of social capital in assessing the welfare effects of private and third‐party certification food safety policy standards: Trust and networks", British Food Journal, Vol. 110 No. 4/5, pp. 493-513. https://doi.org/10.1108/00070700810868988