Published December 2020, Pg. 51-56

Section: Economy, management and law

UOT: 338.439.02(479.24)

DOI: 10.37474/0365-8554/2020-12-51-56

Analysis of competetive performence for industrial production

S.S. Sadigova - Azerbaijan State University of Oil and Industry

Fast economic development of Azerbaijan, rich natural resources and the access to global market, as well as the favorable investment environment attracted attention of the whole world. Our country, situated between the Caspian and Black Seas has geopolitical and geostrategic significance on the international energy market. The location of industrial objects has fundamental importance for further consolidation of nonoil sector, the development of which was announced as a national priority and large investments directed to it. Therefore, it is necessary to provide the industry structure to be oriented to the scientific and technological innovations. For the consolidation of strategic fields, such as agriculture, food industry, turism, alternative energy and IT, corresponding national strategies or road maps have been developed.

The plans towards development of Special Economic Zone, industrial parks and microregions are well-timed acts for economic diversification. These measures in addition to the support of wider strategy of economic reforms serve as a basis for new politics and approaches, as well as for attraction of direct foreign investments and opening of new jobs.

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