Development Of The Non-Oil Sector Of The Republic Of Azerbaijan And İts Strategic İmportance İn This Secto

Abstract

Azerbaijan has succeeded in ensuring economic security through the successful implementation of integration into the world community. It is known in recent years that the Republic of Azerbaijan has changed from a borrowing country to a lending country and this process has been quite successful since the era of globalization. The development of the non-oil sector is considered important both in terms of the effectiveness of socio-economic development of the regions, as well as in terms of increasing state budget revenues and its formation from various sources. The development of the non-oil sector also has a direct impact on increasing export earnings. Taking this into account, the implementation of issues aimed at the development of the non-oil sector by the head of state is given more priority.