Page 70 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.73, # 1, 2016, pp. 64-77

technical progress is the only feasible engine of growth in a modern economy. But it
is naive to suppose there is not a price to pay for technical progress, and that to
ensure continuing economic growth; societies can get by without making difficult
sacrifices. Those choices might turn on whether to channel resources into blue-sky
research, exploring the boundaries of human knowledge and experience, but which
might have no immediately visible pay-off. Or, they might hinge on smoothing the
reallocation of people and resources from one line of work to another, as new
productive options open and others close. One example of these changes is what has
come to be known as the "weightless economy". It is mean an economy where
creating value is associated increasingly with dematerialised products: computers,
telecommunications, machine and biological software, mathematical algorithms, and
related services. Such an economy also includes designs and ideas - computer
databases, new financial products, better entertainment and more efficient ways of
transmitting information. These objects are dematerialised because their economic
values reside not in a physical form, but in their organisation of zeroes and ones,
binary bits of logic. ―Dematerialized products are important for economic growth for
a number of reasons. First, they are infinitely expandable: their use by one person
takes nothing away from their contribution to another's welfare or productivity. For
instance, when a piece of software - installed on a satellite server circling the Earth -
is used by myself in my office, no physical limitations prevent the simultaneous and
equally efficient use of that software by someone else in New Zealand. The same is
not true of a chocolate biscuit - once I have eaten that biscuit, no one else can‖ [5].
3. Examples of environmental management in Azerbaijan
According to the Constitution of the Republic of Azerbaijan, everyone has a
right to live in a healthy environment, as well as receive information about the current
state of the ecology of the country. At the same time, no one is allowed to harm or
damage the environment and natural resources. This is guaranteed by the state.
According to the Constitution, the protection of the environment is the duty of every
person. Ecological balance can only be achieved through the formation of an
appropriate environmental outlook in all age groups, especially among the younger
generation. Youngsters should be inculcated with a feeling of responsibility for the
protection and improvement of the ecology in order to ensure their careful attention to
the environment. For this purpose different propaganda mechanism should be used.

Key point here is to change the public attitude to the environmental problems [6, 16].
Azerbaijan is situated between Europe and Asia, and embodies the Eastern
wisdom and Western progress. The unique feature of Baku is that the architectures
of ancient Icherisheher and Maiden Tower harmonize with samples of newly
constructed modern buildings. In the past, Azerbaijan was the hub of the historic

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