Non-oil sector as a competitive factor of Azerbaijan’s economic development
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Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The main task at the current stage is to accelerate the diversification of the economy,
maintain high rates of development of the non-oil sector in future years, regardless of the level of oil revenues, increase competitiveness and expand export opportunities. The Development Concept “Azerbaijan-2021: a look into the future” is based on an export-oriented economic model and provides that increasing competitiveness and improving the structure of the economy will contribute to the growth of non-oil exports. The promotion and expansion of innovative activities, along with the rapid development of the non-oil industry, will create a favorable ground for the formation of a knowledge-based economy in the country.
Description
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Keywords
non-oil sector, foreign direct investment, GDP, tourism services sector, Azerbaijan
Citation
VI International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2021, pp. 262-267