CEU Electronic Theses and Dissertations, 2021
| Author | Alizada, Farid |
|---|---|
| Title | The Necessity Of Economic Diversification Of Azerbaijan: Evaluation Of Development In Tourism, Agriculture, And Logistics And Transport Sector |
| Summary | The present thesis investigates the necessity of economic diversification and evaluates the role of three main non-oil economic sectors, namely tourism, agriculture, and logistics and transport sectors in attaining this goal. Since the fall of Soviet Union, Azerbaijan was able to transform itself from a failing economy to middle income state short period of time thanks to windfall revenues accumulated through the exports of hydrocarbon resources. However, this blessing suddenly turned to curse because of fluctuations in global oil crisis, putting the economy in vulnerable situation. As a result, it became inevitable for Azerbaijan to consider diversification policies in order to decrease the dependency from single natural resource revenue source. Tourism, agriculture, and logistics and transport sectors of economy became some of the targets to address the problem in short term. By comparing the target indicators for 2020 and the most recent actual indicators of 2019, the research comes to the understanding that although there are some drawbacks in attaining the goals, the results can be considered satisfactory in terms of factual targets. Furthermore, global pandemic and war with neighboring Armenia also caused many problems for recently recovering economy, but these can be turned into opportunities in near future if utilized properly. |
| Supervisor | Yusaf Akbar |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2021/alizada_farid.pdf |
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