Economic Development Stages of Azerbaijan Republic

DOI: 10.20542/0131-2227-2010-3-82-95

E. Rustamov, Central Bank's Governor of Azerbaijan, 32, Rashid Behbudov Str., Baku, AZ1014, Azerbaijan (

Abstract. In the present article, the experience of market economy construction and macroeconomic management problem solving at different stages of Azerbaijan's development is considered. To assess effectiveness of the economic policy pursued, a comparative approach is used. Key economy characteristics are compared with typical or average criteria applied to groups of countries with economies resembling Azerbaijan in a certain way. 

Keywords: transition economy, Azerbaijan's economy, economic policy, monetary policy, transitional recession, recovery growth, investment breakthrough, economic boom, earnings from oil-extraction

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For citation:
Rustamov E. Economic Development Stages of Azerbaijan Republic. World Eonomy and International Relations, 2010, no. 3, pp. 82-95.

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