2(134)/2017

MAIN FACTORS FOR INCREASING COMPETITIVENESS OF AZERBAIJAN ECONOMY IN MODERN TIME: THEORETICAL AND METHODOLOGICAL APPROACH

Sarkarli Ahmad Sarkar oglu
PhD student, Azerbaijan State Oil and Industrial University


Abstract

Purpose – conditions and factors affecting the competitiveness of the economy of Azerbaijan in connection with the determination of the theoretical and methodological problems in the investigation.
Design/methodology – an integrated approach and analysis.
Findings – identification of the key factors influencing the competitiveness and enhancing the specific properties of competitiveness .
Research limitations – due to the fact that in Azerbaijan, development of non-oil sector is a priority, it requires a broad investigation into the issues of promotion of national products on the local and foreign markets.
Practical implications – the use of research and development in the process of increasing competition.
Originality/value – influencing the stability of the country and strengthening the competitiveness of the economy based on international standards within the requirements, changing as the most important factor in product development.


Keywords: competitiveness, innovation, product development, production resources, economic growth.


JEL Classification Codes: D20, D24, О11



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