Page 50 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.72, # 1, 2015, pp. 50-60

AZERBAIJAN AS AN ENABLER OF REGIONAL TRANSPORT

CONNECTIVITY

Dr. Emin Telman Teymurov (PhD)

Lecturer, Geneva Business School

E-mail: [email protected]

Received 23 January 2015; accepted 15 May 2015; published online 07 July 2015

Abstract

The very article aims to explore the role of Azerbaijan in initiating and

implementing regional transport projects and strengthening trans-regional

connectivity. Taking into account the significant role of transport in the achievement

of sustainable economic development, Azerbaijan‘s major goal is to build a properly

integrated and technically compatible infrastructure that will be able to serve all

modes of transport.

Key words: transport facilitation, transit measures, connectivity, trade flows,

international cooperation.

JEL classification Codes: L91-92; N7; O18; R41-42

1. Introduction

Today‘s world is becoming more and more aware of superiority of sustainable and

inclusive development. Technological achievements in many areas are overcoming the

barriers of geographic isolation. The globalization, hastened by the advent of

increasingly sophisticated and rapid information-communication technologies, has

become the main trend of the global economy. The most tangible characteristics of this

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