კონფერენცია

∘ Gulshan Yuzbashieva ∘ Tariel Gurbanov ∘ Asif Mustafaev ∘
THE IMPACT OF LIBERALIZATION ON THE SECTORAL STRUCTURE OF INDUSTRY WITH INCREASED GOVERNMENT INTERVENTION DURING THE CYCLICAL REVIVAL

Summary

The article notes that Azerbaijan gained the image of a strong country and the President has a clear idea of development, which is based on economic indicators, infrastructure projects, large-scale charitable and cultural-educational activities, development of the Extractive Industry Transparency Initiative (EITI) and the non-oil sector of the economy , launch of artificial satellite, ASAN service, named by the President as the brand of Azerbaijan. According to experts, changing the country's image (except for new strategies, investments and innovations) require a long period of time, and Azerbaijan has gone through it for 10 years. The government’s policy of modernization and technological development of the economy implies a move away from raw material dependence through innovative development. The President of the country announced a new stage in economic transformation, since an economy that does not guarantee stability, stability and does not ensure the well-being of the people is inappropriate.

It is emphasized that one of the most important tasks of structural policy is the influence of the state on the formation of effective proportions between the public and private sectors. The task is not justification of the need and importance of the public sector, but in determining its scale and effective correlation, interaction with the private sector. It is advisable to study not only the modern structure, but also the structural shifts taking place recently, showing changes in the ratio of public and private sectors in the economy. Structural changes are important and, on this basis, increase in economic activity, ensuring competitiveness and economic efficiency. Improving the organizational structure of management and conducting personnel reforms. Strengthening state financial control to reduce wasteful spending. By reducing irrational expenditures, optimize the expenditure side of the budget and direct a significant part of it to serving priority areas of development, timely implementation of social programs.

Key words: liberalization, government intervention, industry, economic reforms, management, modeling, economic development, efficiency, etc.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Gulshan Yuzbashieva ∘ Tariel Gurbanov ∘ Asif Mustafaev ∘ THE IMPACT OF LIBERALIZATION ON THE SECTORAL STRUCTURE OF INDUSTRY WITH INCREASED GOVERNMENT INTERVENTION DURING THE CYCLICAL REVIVAL Summary The article notes that Azerbaijan gained the image of a strong country and the President has a clear idea of development, which is based on economic indicators, infrastructure projects, large-scale charitable and cultural-educational activities, development of the Extractive Industry Transparency Initiative (EITI) and the non-oil sector of the economy , launch of artificial satellite, ASAN service, named by the President as the brand of Azerbaijan. According to experts, changing the country's image (except for new strategies, investments and innovations) require a long period of time, and Azerbaijan has gone through it for 10 years. The government’s policy of modernization and technological development of the economy implies a move away from raw material dependence through innovative development. The President of the country announced a new stage in economic transformation, since an economy that does not guarantee stability, stability and does not ensure the well-being of the people is inappropriate. It is emphasized that one of the most important tasks of structural policy is the influence of the state on the formation of effective proportions between the public and private sectors. The task is not justification of the need and importance of the public sector, but in determining its scale and effective correlation, interaction with the private sector. It is advisable to study not only the modern structure, but also the structural shifts taking place recently, showing changes in the ratio of public and private sectors in the economy. Structural changes are important and, on this basis, increase in economic activity, ensuring competitiveness and economic efficiency. Improving the organizational structure of management and conducting personnel reforms. Strengthening state financial control to reduce wasteful spending. By reducing irrational expenditures, optimize the expenditure side of the budget and direct a significant part of it to serving priority areas of development, timely implementation of social programs. *Key words:* liberalization, government intervention, industry, economic reforms, management, modeling, economic development, efficiency, etc.