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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.71, # 2, 2014, pp. 21-30

6. Human capital development

Considering that, Azerbaijan is still in the process of integration into multilateral trading

system, there is a demand for the highly skilled experts on economic and trade matters. Besides,

in order to ensure the sustainable socio-economic development and maximize the benefits of the

integration into the multilateral trading system, it might be expedient to further increase the

effectiveness of capacity building and human resources development. According to the United

Nations Development Programme [Human Development Report 2014, sustaining human

progress: reducing vulnerabilities and building resilience, 2014, page: 159], Azerbaijan was

ranked 76 on human development index.

It should be noted that Azerbaijan State University of Economics plays a crucial role in this

regard. As a matter of fact, during recent years, in close collaboration and cooperation with

international organizations the following structures were established at the Azerbaijan State

University of Economics: WTO Reference Centre, WIPO Depository Library, WIPO Technology

and Innovation Support Centre, World Bank Social Information Centre. Moreover, Azerbaijan State

University of Economics has become a member of Virtual Institute of the United Nations Conference

on Trade and Development (UNCTAD), participates in the WTO Document Dissemination

Programme and has joined to the UNECE roster of public-private partnership experts.

References

[1] World Intellectual Property Organization, ―Global Innovation Index 2014: The Human Factor

in Innovation‖, 2014; page: 147.

[2] United Nations Conference on Trade and Development, ―Information Economy Report 2013:

the cloud economy and developing countries‖.

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