Business & IT (Jun 2021)
Export priorities for the development of the non-oil sector of the Republic of Azerbaijan
Abstract
The article examines the significance of the development of the non-oil sector in Azerbaijan. The potential of this industry segment is analyzed in comparison with other sectors of the economy. The study reveals the main reasons for regression in technological, infrastructural and staffing. Export potential is an integral part of the country's economic potential. The ability of the national economy and its individual branches depends on it, as a result of the full use of the means of production, to produce and export goods and services in the quantity and quality that corresponds to the demand of consumers in the external market. It should be noted that there is a demand for export. If we take into account that the number of products that can be produced in the country is quite small compared to the number of products on the world market, then we can assume that there will always be a potential demand for the country's oil products. Consequently, if the price of a product on the domestic market is less than its price on the world market, then there is an export potential. The article studies the specifics of regulating the country's export potential, as well as an analysis of the export structure.
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