2021Scientific BulletinRequires access

The current state of sustainable economic growth in Azerbaijan

Khayal Yusifov

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Abstract

The article examines the socio-economic nature of economic growth as an economic phenomenon and examines its 5 roles in the development of the national economy, identifying the characteristics of economic growth and the factors affecting it, analyzing various conceptual approaches to ensuring economic growth, analyzing patterns of sustainable economic growth in Azerbaijan. Investigate the current state of provision and determine the means of regulation, study the interrelationship of reforms and economic growth in Azerbaijan, improve the regulatory framework for ensuring sustainable economic growth in Azerbaijan and the legal support mechanism for sustainable economic growth in Azerbaijan. At the same time, the transformation process implemented in Azerbaijan makes it necessary to carry out radical socio-economic reforms in various sectors of the economy.

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What this paper is about

The article examines the socio-economic nature of economic growth as an economic phenomenon and examines its 5 roles in the development of the national economy, identifying the characteristics of economic growth and the factors affecting it, analyzing various conceptual approaches to ensuring economic growth, analyzing patterns of sustainable economic growth in Azerbaijan. Investigate the current state of provision and determine the means of regulation, study the interrelationship of reforms and economic growth in Azerbaijan, improve the regulatory framework for ensuring sustainable economic growth in Azerbaijan and the legal support mechanism for sustainable economic growth in Azerbaijan. At the same time, the transformation process implemented in Azerbaijan makes it necessary to carry out radical socio-economic reforms in various sectors of the economy.

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Available abstract

The article examines the socio-economic nature of economic growth as an economic phenomenon and examines its 5 roles in the development of the national economy, identifying the characteristics of economic growth and the factors affecting it, analyzing various conceptual approaches to ensuring economic growth, analyzing patterns of sustainable economic growth in Azerbaijan. Investigate the current state of provision and determine the means of regulation, study the interrelationship of reforms and economic growth in Azerbaijan, improve the regulatory framework for ensuring sustainable economic growth in Azerbaijan and the legal support mechanism for sustainable economic growth in Azerbaijan. At the same time, the transformation process implemented in Azerbaijan makes it necessary to carry out radical socio-economic reforms in various sectors of the economy.

Key concepts: Sustainable growth rate, Economic system, State (computer science), Economic expansion, Sustainable development, Economic transformation, Economics, Economic reform

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