Hasanov Ismail Djafar oglu. Multi-vector development of the economy of Azerbaijan.

Abstract

In the article, the author notes that the volume of products exported from Azerbaijan to world markets will increase. All this will be achieved due to the multi-vector development of the country's economy. The process of integration of our country into the world economy began with the signing of the historic "Contract of the Century". At the present time, this process is already intense.  Thus, the author considers it predictable that the share of the oil sector will significantly decrease in the formation of the state budget revenues, which contributes to the annual reduction of our country's dependence on oil revenues due to the branching of the economy in several directions. This can be regarded as the result of a purposeful activity in the field of ensuring the dynamic development of the country's non-oil sector through the implementation of large-scale socio-economic reforms.