To answer this question, it is important to examine the history of the community and understand the behaviour of your neighbours. Unfortunately, nowadays, individuals in a community are not very close and usually, they focus on their own family rather than, looking out for others. Sometimes, it is almost impossible for people to spend time with their own family and therefore, it may prove to be a challenge, to monitor their neighbours' kids. Long ago, when countries were not very industrialized, people in communities were closer and knew everything about their neighbourhood. The community spirit was higher and the primary focus was on their children's welfare. However, with the introduction of technology and deterioration of values, individuals are: more individualistic; very preoccupied with their jobs and therefore, they fail to spend quality time with their children. In some instances, there are people who struggle to embrace old fashioned values, which includes looking out for their neighbours. However, no community is perfect. It is impossible to know your neighbours very well, since there are individuals who know how to "mask" their true identity from others. When certain crimes are committed in a neighbourhood (such as child molestation, kidnapping or murder), parents begin to question themselves about the wisdom, in trusting the neighbours with their children. Therefore, it can be concluded that, based on the introduction of technology, the deterioration of family values and the current crime situation, people adhere to the belief that, it is the parents' responsibility to raise their own children and not the village, since it may prove to be difficult, to trust anyone these days.
Again, it totally depends on what you consider a "village" to be.
In this context, "village" is really a support group.
It means that one person can not raise a child without support and support is whatever applies in your case. For some, it may be neighbours who help out and I agree that in this world that can be questionable. However, it can also means friends and family have input. Single maothers may have a male relative or friend that may be able to offer the male relationship especially to male children, but also to female children. In addition, there can be assistance to children for councelling and homework assistance that the mother may be unable to provide.
To answer the question, I believe that it still applies.
The quote "It takes a village to raise a child" implies to me that a stable Father Mother relationship cannot raise a child independent of the community. It implies that the world can raise my child better then I can.
The Family is the core place where children should learn Values and Character. Others may support the family in that duty, being a supplemental part of the whole picture, but that should be under the direction of the Family.
The Family should never cede their duty as the main place where children learn the most important of life's lessons.
Interesting take on the question dbackers and you are right the family unit is where we have to look for installing core characteristics of our children and their belief system.
I would like to ask one question though as an extension on the original thought of "Do you believe it does take a Village to raise a child?". Besides the immediate family unit should we not hope that those in your community would help you in raising your children by reporting to you any misconduct or questionable behaviors they witness. This of course would imply that those in you community would have simular family values as your own.
I also ponder if such a community would exist any more in or near a major metropolis area.