Page 76 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.77, # 2, 2020, pp. 70-77

the important objectives for Azerbaijan starting from 2018. Furthermore, the
establishment of incubation centers for business development and the promotion of
entrepreneurial skills remain important areas of focus for the government.

At last, it is argued that activities should be continued to reduce Azerbaijan’s
dependence on the oil sector and turn Azerbaijan into a logistics hub of the region.
In general, Azerbaijan's development potential in logistics is huge. Cooperation with
the Chinese project "One Belt, One Road" can turn Azerbaijan into a logistics center
and geographical hub between East and West.

REFERENCES

Baku Research Institute. No date. Main problems of non-oil export sector of
Azerbaijan available at https://bakuresearchinstitute.org/az/analysis-of-main-
problems-facing-azerbaijans-non-oil-exports/, accessed on December 23, 2020.

Center for Analysis of Economic Reforms and Communication. 2019. Special
Issue., available at http://iqtisadiislahat.org/store//media/ 2019/ Dekabr/other/
Idareetme%20islahatlari.pdf, accessed on December 23, 2020.

Dennis, A. and Shepherd, B., 2007. Trade costs, barriers to entry, and export
diversification in developing countries. The World Bank

Ipek, P., 2009. Azerbaijan's foreign policy and challenges for energy security. The
Middle East Journal, 63(2), pp.227-239.

LK Almas, NU Hajiyev (2014). Azerbaijan’s Current and Potential Comparative
Advantage: An Exploratory Study. Journal of Agricultural Science 6 (11), 74-87

Muradov, A., Hasanli, Y. and Hajiyev, N. (2019). The Assesment of Impact of
Competitiveness to Economic Development. Economic and Social
Development: Book of Proceedings. Varazdin Development and
Entrepreneurship Agency (VADEA). pp.1170-1177

Muradov, A., Hajiyev, N. (2014). Competitive Environment Is The Main Factor For
Integration Into The World Economy. Journal of Economic Sciences: Theory
& Practice 71 (2). pp.5-20
Nazim Uzbey oglu Hajiyev (2013), Assessment Stages of Cyclical Development of
Monopoly And Competition in Terms of The Reconstruction of Azerbaijan
Economy. The journal of “Economic sciences: theory and practice”, Vol. 70,
Issue 1. pp. 97-117.

Nasirov, S. and Ciarreta, A., (2011), October. Analysis of Azerbaijan Oil and Gas
Sector. In Changing Roles of Industry, Government and Research, 30th
76