Page 60 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.79, # 1, 2022, pp. 50-68

Figure 1. Innovation infrastructure

Innovation infrastructure

Production Consulting Finance Staff Information Sales
technology

- Industrial parks,
- Techno parks,
- Agro parks,

- Industrial districts
- Business incubators
- innovation-technology centers,

and etc.

In my opinion, the process of forming the NIS should be completed, and innovation
infrastructure should be developed in our country, as well as the existing
shortcomings in the legislative framework should be eliminated in order to develop
science-intensive high technologies in our country.

Also, for the purpose of accelerating the development of the country and achieving
sustainable economic growth, the government of Azerbaijan has adopted
‘Azerbaijan 2030: National Priorities for Socio-Economic Development’. According
to these ‘National Priorities’, for the long-term sustainable and accelerated
development of our country, successful connections within the society-business-state
triad must be strengthened. The following will be key factors in the economic
recovery: effective and efficient management of the state’s role in the economy via
market-oriented reforms; the bolstering of private institutions; government-friendly
business management; and further liberalization of trade practices for the increase of
local products sold to foreign markets. Creative and innovative development of
private initiatives in the country will ensure that our economic resources are directed
to areas that create higher added value.

The implementation of these goals requires the formation of an effective framework
of macroeconomic policy, one that enables sustainable macroeconomic stability and
strengthens the medium and long-term driving forces of economic development: the
modernization of human capital, the expansion of the digital economy, and the full
provision of economic sovereignty. Over the next decade, the following five
National Priorities for the country's socio-economic development should be
implemented:

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