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ASSESSMENT OF SOCIO-ECONOMIC DEVELOPMENT OF AZERBAIJAN IN REPORTS OF INTERNATIONAL ORGANIZATIONS

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.2, No. 35)

Publication Date:

Authors : ;

Page : 9-12

Keywords : socio-economic development; non-oil sector; the macroeconomic stability “Doing Business”; World Bank; strategic roadmap; economic growth; gross national product;

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Abstract

The article notes the positive achievements achieved and the impact on the further growth of the Azerbaijani economy, a steady increase in the standard of living of citizens. Opportunities for economic growth, as well as factors influencing it in the global environment, and the expansion of the national economy in recent years were considered as opportunities for economic development. Economic growth was seen as an increase in gross national product. Also, the issues of the qualitative impact of economic growth on the economy of the country are considered. It is noted that today the Republic of Azerbaijan is a country with a dynamically developing economy, integrated into global economic relations, ver the past decade, it has achieved truly impressive economic results, firmly taking its rightful place in the world economy and starting to play one of the key roles in ensuring global energy security. However, the first years of sovereign existence became a serious test for the republic. The foundations of a market economy took place in the conditions of a strong transformational recession, which was the result not only of the destruction of the previous inter-republican (all-Union) division of labor, but also of internal political instability, as well as the military conflict with Armenia around Nagorno-Karabakh. Now it is impossible to surprise anyone with the rating of international organizations. In recent decades, this trend has become so strong that development indicators now seem ordinary. However, there are a few examples that really matter. The Doing Business World Bank report presented in this article is of this type. They consider this the most important and reliable rating indicator in the world for assessing the business environment. At the same time, reports were analyzed international organizations in Azerbaijan, including: international rating agency “Moodys”.

Last modified: 2021-03-18 23:23:33