DEVELOPMENT STRATEGY AND WEIGHT OF THE NON-OIL SECTORS IN THE ECONOMY IN AZERBAIJAN

Abstract

After the collapse of the USSR, the socialist system collapsed in Azerbaijan, as well as in other allied states. That collapse completely destroyed almost all sectors of the country’s economy, especially the non-oil sector. This means that the period of recession in both the oil and non-oil sectors in the country reached its peak. The stagnation of the country’s economy was felt in many areas. It should be noted that agriculture, tourism, manufacturing, and engineering reached such a decline that the country became dependent on imports in most areas. The transition to economic development after such a tense situation in the country’s economy was remembered by our economists by highlighting three historical

Keywords

• economy
• non-oil sector
• trade
• agriculture
• industry