Akademik Məlumat İdarəetmə Sistemi
5 th INTERNATIONAL CONFERENCE ON LIFELONG EDUCATION AND LEADERSHIP FOR ALL, pp.1289-1296, 2019 (Conference Book)
The present study presents the importance of sustainable development and regulation of the transnational business of Azerbaijan. As known, Azerbaijan is an oil country and 14 transnational companies of 9 biggest corporations in the world made investment in the oil producing and extractive industries only in Azerbaijan. In general, about 65% of the investments made in the economy of Azerbaijan is held by the foreign transnational companies. Study of the problems in regulation of transnational business and sustainable development of the economy in such a country is an urgent and important issue.Though formation of the transnational business is based on the general principles, this process happens in a specific form in various countries. Transnational business differs in different countries depending on the structure of economy, the level of socio-economic development, organizational-administrative structure, national-ethnic properties and development level of a state. The article studies the account of trade operations with the world countries, the payment balance of the country and competitiveness index and the business environment to assess the current state of transnational business in Azerbaijan. Special weight index of export in GDP, special weight index of import in GDP, special weight index of the foreign trade turnover of the Republic in GDP, amount index of field export in total value of export and structural specialization index of an industrial field have been calculated to assess the transnational business state in field level and the deviations have been found based on the selected methodology and recommendations made on sustainable development of the transnational business.