Page 75 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 46-76

will support the economic development of our country and provides the grounds

for manufacture of products which will be able to compete on foreign markets.

These entities will also play significant role in creation of new working places.

Establishment of industrial sector in Sumgayit, development of ore production in

Dashkesan, Nakhchivan, Ganja and establishment of light industry in Shaki and

other regions will make Azerbaijan the biggest industrial centre of the region. This

will give strong impulse to the structural changes in the Azerbaijani industry; the

last in its turn will give the opportunity for provision of internal demand and

expansion of exportable goods, which will provide the grounds for flow of

investment and currency to the country.

Formation innovation model of industrial policy, sub-models on regional,

sector and entity level and their realization in mid-term perspective will provide

the following results:

 Formation innovation model of industrial policy, sub-models on regional,

sector and entity level will push the development of technical potential of the

industry, especially in the regions;

 It will have the positive effect on competitiveness of national products both

on local and foreign markets;

 It will create necessity for improvement of education quality, which in its

turn will provide specialized personnel for the industry;

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