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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.71, # 2, 2014, pp. 5-20

COMPETITIVE ENVIRONMENT IS THE MAIN FACTOR FOR INTEGRATION INTO

THE WORLD ECONOMY

Adalat Jalal Muradov

Prof. Dr., Rector of Azerbaijan State University of Economics
E-mail: adalat_muradov@yahoo.com

Nazim Ozbey Hajiyev

Associate professor, Dr., director of MBA department, ASUE
E-mail: n.hajiyev@aseu.edu.az; nazim_hajiyev@yahoo.com

Received 18 September 2014; accepted 10 December 2014; published online 25 December 2014

Abstract

Historical dynamics of a competition and monopoly are analyzed in logic order from the

theoretical point of view in this article. It is necessary to note, that comparison of dynamics of a

competition and monopoly was various under various historical conditions.

From this point of view, an opportunity to reveal periodical objective laws the important

condition during research of process of historical changes of attitudes of a competition and

monopoly. These objective laws have not been investigated in the economic literature.

Key words: competition, monopoly, local markets, market structure, economic

development.

JEL Classification Codes: D41; 42;43

Economic development is distinguished into the several periods by economy science:

―Long‖ periods called ―Kondratyev periods‖ lasting for the period of 50 years; industrial periods

covering from 8 to 12 years and short periods lasting 3-4 years. Y.Shumpeter, S.Kuznets, K. Klark,

Y. Mitchell and other famous economists engaged in studying ―long periods‖ after

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