Psychological capital as a facilitator on the Ukrainian economy recovery

Abstract

Psychological capital is a term that refers to the positive psychological resources of an individual or a group, such as self-efficacy, optimism, hope, and resilience. Psychological capital can influence the motivation, performance, and well-being of people in various domains, including work, education, and health. In this essay, I will discuss the role of psychological capital in the Ukrainian economy recovery in the aftermath of the full-scale war with Russia. The Ukrainian economy has faced multiple challenges in the past decade, such as political instability, corruption, territorial disputes, armed conflict, social unrest, and public health crisis. These challenges have adversely affected the economic growth, social cohesion, and human development of the country.