Akademik Məlumat İdarəetmə Sistemi
55th International Scientific Conference on Economic and Social Development , vol.8, no.Book of Proceedings Vol. 4/4 , pp.242-250, 2020 (Conference Book)
ABSTRACT As a result of technical and technological progress in the world economy since the second half of the twentieth century, international economic relations have risen to a qualitatively new level. This case has been called “globalization”, which has been enshrined in scientific and household lexicon. The article summarizes various theoretical perspectives and trends in the global economic system, and analyzes the main features of IER (International Economic Relations)in the context of globalization. These features are mainly related to the forms of the IER (International Economic Relations), and this analysis have been conducted in this context. The aim of the study is to investigate the trends and peculiarities of contemporary international economic relations that are important to the Azerbaijani economy. The research was carried out based on methods such as systematic analysis and logical generalization using M. Porter's competitive advantage as well as scale effect theory. The practical significance of the research is to integrate the researchers in the field of rational integration of the Azerbaijani economy into the world economic system by analyzing the theoretical foundations, key forms and features of the IER (International Economic Relations in the context of globalization, and evaluating trends revealed in this area. The scientific novelty of the research is that practical research has been conducted using relevant provisions in existing theories and concepts on international economic relations, its basic forms and features in the context of globalization, as well as international experience in this area. Keywords: globalization, international economic relations (IER), international specialization, international trade, international cooperation of production (ICP), currency finance and credit