Akademik Məlumat İdarəetmə Sistemi
Economic and Social Development: Book of Proceedings, vol.8, pp.1-8, 2020 (Conference Book)
Economic development and prosperity of every country is complemented with social policy. The population welfare, the main indicator of social economic development, is evaluated by how well the financial and social needs of the population, the society's main capital, are met. In modern societies, the speed, quantitative and qualitative growth rate of economy is no longer as a goal in itself, but is a necessary tool for enriching and improving people's lives and their well-being. The main agenda of United Nations Sustainable Development Summit held in New York in 2015 was to formulate goals to improve the well-being of all world population and ensure the sustainable future for next generations. Based on these principles, the Azerbaijani government has developed its "Strategic Road Map" document (Strategic Road Map on National Economy and Key Sectors of the Economy of Azerbaijan) to develop the national economy. The document lists the following long-term goals for development of social economic welfare of national economy: protection of macroeconomic stability, formation of competitive innovation-based economy, development of non-oil sector and business environment as well as increase of income of population and development of human capital. Additionally, hazardous chemical and waste recycling and disposal, and protection of ecological balance should also contribute to the improvement of life quality. The current economic crisis following Covid-19 pandemic has resulted in sharpest decline of oil prices in world markets. The government's anti-crisis program's goal is to remedy the losses in macroeconomic policy and protect the well-being of the population to mitigate the impacts of oil price changes