REGİONAL ANALYSİS OF AZERBAİJAN ECONOMY
Abstract
Since the restoration of the state independence of the Republic of Azerbaijan in the late 20th century, fundamental changes have taken place in the socio-political and socio-economic life of the country. The targeted policy pursued by the President of the Republic of Azerbaijan Heydar Aliyev since 1993 has allowed to overcome the political and economic crisis in the country in the first years of independence and paved the way for Azerbaijan to build a democratic state and a market economy. The purpose of the article is an analysis of the regional characteristics of the Azerbaijani economy and current structural changes in its sectors. The methodological basis of the research in the article is the scientific work of the authors in the field of economics of culture, innovation management, management in the field of culture, as well as social partnership. The research was carried out on the basis of general scientific methods of research - a systematic approach, analysis and synthesis, methods of typological and comparative analysis, empirical methods. The object of the study is the sphere of culture, which needs conditions in which organizational and financial reforms are carried out, as well as the development and application of innovative management methods. The hypothesis of the study. The economic regions of Azerbaijan make up a large territory of the country, distinguished by a unique economic and geographical position, historically formed in the process of territorial-labor division, natural and economic conditions, specialization and staffing, determining the rationality of farms. Presentation of the main material. As a result of large-scale reforms in the field of democratic state building, which began in the mid-90s of the last century, the country has ensured economic and political stability, the prestige of the Republic of Azerbaijan in the international arena has significantly increased, and the foundation for the dynamic development of the economy has been laid. The main goal of the reforms was to build an independent state with a democratic and strong economy. The originality and practical significance of the study. The measures taken in the economic sphere are aimed at expanding entrepreneurial activity based on the mechanisms of a market economy, attracting local and foreign investment, modern technologies and creating competitive enterprises, new jobs and, as a result, increasing the economic power of the country. Conclusions. The implementation of the "Contract of the Century", signed in 1994 and laying the foundation for a new stage in the history of the Republic of Azerbaijan, gave a powerful impetus to attracting foreign investment to the country.
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DOI: https://doi.org/10.32620/cher.2025.1.02
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