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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.74, # 1, 2017, pp. 34-47



                    as compared to Russia, Turkey, Iran or Georgia. In its quest for global recognition,
                    Azerbaijan  has  embarked  upon  an  ambitious  journey  to  prove  international
                    credentials and  improve its  global  acceptability. This  is  being done by  projecting
                    Azerbaijan‘s  image  as  an  economic  trailblazer  in  CIS  /  Eurasian  region.  György
                    Szondi [György Szondi, November 2008. Public Diplomacy and Nation Branding:
                    Conceptual Similarities and Differences, pp. 42.] argues that ―nation branding can
                    help  transitional  states  to  distance  themselves  from  the  previous  political  system
                    (Communist Rule in the Azerbaijani context), as well as help to portray the country
                    as  a  modern  state  and  eligible  member  of  a  new  world  system,  positioning  the
                    country as a central rather than peripheral state‖.
                         Due to available scope and ever growing awareness about the nation branding,
                    Azerbaijan offers the best model in the form of a secular, tolerant, forward looking
                    and  progressive  Muslim  nation  that  possesses  strong  military  muscle,  economic
                    stamina and regional / global aspirations. To keep Azerbaijan perpetually blinking
                    on the foreign policy radars of regional, European and Islamic world, mega events of
                    international stature are hosted at Baku with periodic intervals. The frequency has
                    particularly increased during last five years. Eurovision International Song Contest-
                            st
                                   nd
                    2012,  1   &  2   Azerbaijan  Defence  Exhibitions  (ADEX)  in  2014  &  2016
                    respectively;  Inaugural European Games-2015, International Chess Olympiad-2016,
                                                                                  th
                    European Grand Prix Formula One Racing Round-2016, and 7  Forum of United
                    Nations Alliance of Civilization Forum (UNAOC) - 2016 can be cited as examples.
                                                       nd
                    In 2017, Azerbaijan plans to host 2 Round of European Grand Prix Formula One
                               th
                    Racing & 4  Islamic Solidarity Games. Surge in tourism experienced during 2016
                    and 2017 can partly be attributed to the befitting conduct of above mentioned mega
                    events. In pursuance of its nation branding objective, Government of Azerbaijan has
                    launched number of initiatives like ―Amazing Azerbaijan‖, ―Azerbaijan-The Land of
                    Fire‖  and  ―Made  in  Azerbaijan‖  etc.  Endowed  with  mesmerizing  natural  beauty,
                    blessed with  a vibrant economy and supported by coherent Governmental efforts,
                    Azerbaijan is being successfully promoted as a brand across the globe. Government
                    seems  committed  to  support  the  ‗Brand  Azerbaijan‘  initiatives  through  generous
                    funding and state patronage.
                         ‘Made in Azerbaijan’ Campaign. The recently initiated ―Made in Azerbaijan‖
                    [https://madeinazerbaijan.com/]  campaign  is  a  Government-backed  project,    which
                    ushers an expedition towards indigenization and self-reliance. It is a conscious attempt
                    to convey a certain narrative of Azerbaijan to international community and ensure good
                    perception management. In a way, nation branding is being used as a tool for projecting
                    soft  nationalism.  As  the  nation‘s  hierarchy  realizes  the  significance  of  soft  image
                    projection, its earnest urge to promote national brands, gaining global recognition and


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