AZERBAIJAN ECONOMY IN THE CONTEXT OF DIVERSIFICATION CHALLENGES


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Quliyev M.

Social and economic innovatiсs: trends, forecasts and perspectives: conference proceedings of the IIId International Conference , Stavropol, Russia, 11 - 12 May 2016, pp.9-13, (Full Text)

Qısa məlumat

Annotation: This research paper analyses the past record and future trends of economic diversification policy in Azerbaijan. The article reviews the role specific factors and determinants of diversification process, opportunities for grows and the role of location and economic core. Particular attention is paid to the implementation tools of diversification-oriented development strategy of the non-oil sector. Hence, the article concludes that the innovative development of Azerbaijan does not rule out a piecemeal and ad hoc implementation of the diversification strategies in the future.

Key words: Diversification, sustainable development, sources of economic growth, competitive environment, economic cooperation, free trade zone, export concept.