Page 98 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.77, # 1, 2020, pp. 92-99

CONCLUSIONS
As a conclusion, it should be noted that the government in Azerbaijan understands
the importance of diversification of the national export sector. Therefore, Mr
President Aliyev and strategic roadmaps of Azerbaijan have identified several areas
for the development of the economy. These areas include agriculture, industry,
technological development and applications of innovations, as well as the
development of small and medium-sized entrepreneurship. Azerbaijan has also
started economic and structural reforms, and form organizations to support the
development of the above-mentioned sectors. However, it should be noted that
Azerbaijan is still at the earliest stage of reforms. There is much needed to be done
in the years ahead for economic diversification. A new reform should be evaluated
in terms of its impact on export indicators.

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