Trust as the Foundation of Business Cooperation: Institutional Conditions for the Development of Central Asian Countries
Trust is not an abstract concept, but a real economic resource. In the modern world, it acts as a form of capital, influencing investment, productivity, ESG indicators, and the competitiveness of countries. When market participants are confident in the honesty and predictability of their partners' actions, transaction costs—the costs of searching for information, concluding contracts, and monitoring compliance—are reduced. This expedites transactions, strengthens partnerships, and promotes sustainable growth.
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Madina Bilalova
- 2023Founder and chair of the HR Business Partners Association
- 2021Founder and director of the joint venture Bilalova C Group — finance, taxes, HR, business processes, audit
- 2009Badge «Distinguished Worker of Public Education of the Republic of Uzbekistan»
- 2023CIS medal «Active Researcher»
- 2023Best mentor of Central Asia, USAID project
- 2024ICF business coach
- 2025Medal «YURT FAXRI»
- 2013Editor of an academic and methodological journal and of Higher Attestation Commission abstracts
Since 2013, more than 3,500 candidates for academic degrees have had their Higher Attestation Commission abstracts edited by the founder of the alliance.
Eight people run the directions of the alliance — from PR to accounting. Personal numbers of staff are not published; there is a shared contact.
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