CONCEPTUAL BASIS OF ENTREPRENEURSHIP DEVELOPMENT IN NON-OIL SECTOR


Manafov G.

37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.532-538 identifier

  • Nəşrin Növü: Conference Paper / Full Text
  • Çap olunduğu şəhər: Baku
  • Ölkə: Azerbaijan
  • Səhifə sayı: pp.532-538
  • Adres: Bəli

Qısa məlumat

The evolution process of scientific views on entrepreneurship have been looked through the theoretical, conceptual aspect and leading force, strategic resource of entrepreneurial activity, especially small and medium-sized enterprises (SMEs), enabling the economic, technological and intellectual potential of our country have fully and effectively implemented through business activities and was emphasized in the article. For the determination of strategic goals such as sustainable growth of non-oil sector and high share of gross domestic product in the current period for overcoming oil dependence of our economy and to secure insurance against oil prices fluctuations in world markets, dynamism of entrepreneurial activity, importance of defining new tasks in relation to targets and stimulus, development of new conceptual bases of their implementation have been pointed out. From the conceptual point of view a great attention paid to the importance in the article to the "Strategic road map for the consumer goods production at small and medium entrepreneurship level in the Republic of Azerbaijan" approved by the President of the Republic of Azerbaijan on December 6, 2016. Taking into cosideration the innovation-based development as one of the priority directions of SME development in the non-oil sector of the country by expanding opportunities for financing private innovation investments with legislative, organizational and economic measures implemented for the improvement of business environment. It is planned to work out the mechanism for solving investment problems, increase financial sustainability, expand access to long-term and low-interest loans, to provide concessional loans and insurance, loan repayment mechanisms, credit allocation and management for the simplification of the system has been justified as an important issues in the article.