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
An economist and human resources specialist with more than thirty years of experience. Eighteen years in the system of the Ministry of Public Education — from teacher to head of an institution. HR director at companies with a staff of up to 327. Projects auditing and restoring personnel documentation at 25 companies.
Since 2013 — editor of an academic and methodological journal and of dissertation abstracts for the Higher Attestation Commission. More than 3,500 successful candidates have passed through her editing.
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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