Human Capital as a Driver of Development in the Greater Eurasian Partnership Countries

Abstract

The development of human capital in the Eurasian area is the basis for effective cooperation between states. Aim. To define the role of human capital in the framework of the Greater Eurasian Partnership concept and its impact on integration processes in the Eurasian space, as well as to assess the significance of human capital development for sustainable economic growth and social progress of member states and potential partners of the Eurasian Economic Union. Methods. A combination of qualitative and quantitative analysis of Human Development Index statistics, comparative analysis of interpersonal trust, and research on long-term economic planning and deferred benefits. Results. In the countries mentioned in the research, there are considerable differences in human development index indicators, in the level of trust between different social groups, which affects economic integration. The development of human capital in the Eurasian space is the basis for effective cooperation between states. Conclusions. For the successful implementation of the concept of the Greater Eurasian Partnership, it is necessary to develop human capital in a comprehensive way, including improvement of access to education, health care and creation of conditions for free movement of labor. The level of trust between states and their citizens plays a key role in the integration process, facilitating successful cooperation and reducing barriers to joint projects. The Eurasian Economic Union countries should focus on socio-economic initiatives aimed at increasing the level of trust and enhancing economic activity in order to achieve sustainable growth.