| | | | PROBLEMS OF MODERN ECONOMICS, N 4 (32), 2009 | | | | GLOBAL CRISIS AND TRANSITION TO THE NEW SOCIO-ECONOMIC MODEL OF DEVELOPMENT | | | Dzhabiev R. M.
Principal research fellow Institute of Economics,
National Academy of Science of Azerbaijan (Baku) PhD (Economics),
Professor
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| | | The article discusses possibilities for reducing the consequences of the global financial crisis for Azerbaijan based on the analysis of both strong and weak aspects of the Republic’s economy. Among the former are high tempos of macroeconomic indices, increase of internal investment, small percentage of external borrowing, etc. Among the latter ones are strong integration into the international economy, where the Republic’s oil and oil products comprise up to 70%, presence of over 200 corporations with 100% of international capital, strong dependence of the Republic’s banks from foreign capital, weak development of the securities market, etc | | Key words: Azerbaijan, global economic crisis, integration | |
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