Crisis Management in the Local Communities Through the Development of Human Capital

Authors

  • Natalya Chernenko PhD in Economics, Associate Professor, Associate Professor of the Department of International Economics, Igor Sikorsky Kyiv Polytechnic Institute https://orcid.org/0000-0002-7424-7829
  • Olena Korohodova PhD in Economics, Associate Professor, Associate Professor of the Department of International Economics, Igor Sikorsky Kyiv Polytechnic Institute https://orcid.org/0000-0003-2338-365X
  • Yaroslava Hlushchenko PhD in Economics, Associate Professor, Associate Professor of the Department of International Economics, Igor Sikorsky Kyiv Polytechnic Institute https://orcid.org/0000-0003-1454-0369

DOI:

https://doi.org/10.5281/zenodo.15846559

Keywords:

Community Resilience, Crisis Management, Local Communities, Social Capital, Labor Market, Labor Market Asymmetry

Abstract

Purpose. The study’s significance is driven by the need to ensure economic stability and social cohesion in local communities significantly affected by military aggression. The article examines crisis management in communities through human capital development, using the example of the Buchansk District. It is emphasized that the development of human potential must be systematic, as it serves as the foundation for recovery, long-term growth, and adaptation in crisis conditions. Methods. Strategic instruments are analyzed, including expanding access to education, vocational training, employment support, and entrepreneurship development. To justify priority directions, a SWOT analysis of the labor market was conducted, identifying key strengths, weaknesses, threats, and opportunities of the local economy. Results. Target groups requiring special attention were identified, including internally displaced persons, youth without work experience, pre-retirement age women, persons with disabilities, and residents of rural areas. Examples of the application of educational pathways, retraining programs, career guidance activities, and engagement of entrepreneurs as mentors and investors are provided. Practical recommendations for community leaders include identifying employment issues, developing pilot projects, creating working groups, and attracting external resources. Conclusions. The article forecasts that communities transitioning to systematic strategic planning will become centers of sustainable development, strengthen the role of local authorities in shaping employment policies, expand access to financial and technical resources, and develop employment institutions and social entrepreneurship. It is noted that digitalization and innovation will open new employment opportunities, including freelancing, remote work, and micro-entrepreneurship even in the most remote communities.

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Published

2025-07-06

How to Cite

Chernenko, N., Korohodova , O., & Hlushchenko , Y. (2025). Crisis Management in the Local Communities Through the Development of Human Capital. Achievements of the Economy: Prospects and Innovations, (20). https://doi.org/10.5281/zenodo.15846559