Technical and technological modernization of Azerbaijan economy: solutions

Gulshen Yuzbashieva; Israfil Yuzbashiev

Authors

Gulshen Yuzbashieva Economy institute of Azerbaijan Ministry of Science and Education, Baku, Azerbaijan Author https://orcid.org/0000-0001-9609-5347
Israfil Yuzbashiev SOCAR Trade Company, Geneva, Switzerland Author https://orcid.org/0000-0001-5854-3866

Abstract

The technical and technological modernization of the Azerbaijan economy at the current stage of development does not yet meet the requirements of long-term economic growth and development. Today, a lot of work is being done to overcome the technical and technological gap with developed countries, despite some local achievements, which requires a large-scale one. The lack of modern market relations, the low level of competition is one of the causes of technical and technological problems, which reveals the need to find our own way of effective modernization of the economy.

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References

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