INDUSTRIAL PARKS AND QUARTERS IN AZERBAIJAN: FORMATION AND CHARACTERISTICS OF INVESTMENT PROCESSES

Industrial parks are one of the most important factors supporting positive economic development. An industrial park is based on a philosophy of integration of relatively different functions (production function, and that of services, relaxation, and education, too) into an industrial area with the majority of industrial products and services with high economy turnover and 45high employment. It provides services independent of type and importance of a particular industrial park, i. e. standard and non-standard services. The examples of standard services are finance and law consulting, accounting, security of assets, operation and support of a transportation and technical infrastructure environment or public greenery support. Non-standard services, provided mainly in parks with country-wide and international importance with higher number of subjects, include logistic services, technology transfer, procurement of research and development services, financial services, banking, agency and so on. With the development of industrial parks, attention should be paid to one of the main objectives of the economy, namely to distribute the industrial production sector and the service sector so that progress in the region where the park is built, improved. Incorrect distribution leads to an increase in the existing differences between different regions, as evidenced by the theories of regional development, regardless of whether they converge or diverge. The support of knowledge-intensive production is an important factor determining the technological, in particular, high-tech pace and scale of development. The effectiveness of the incentive system for high-tech, high-tech industrial production is more dependent on the provision of appropriate infrastructure, the formation of a harmoniously functioning data network of supporting elements and a number of other factors. From this point of view, the steps taken towards the creation of high-tech parks in Azerbaijan are commendable. The article describes the investment processes of the formation of industrial parks and neighborhoods. Are determined the place and role of high-tech parks in the support of high-tech industrial production.