Paradigm of regional development in the context of globalization
Vagif Rustamov, Ph.D., docent |
|
| Center for Local Economic Reforms | |
| e-rustamov.vagif@gmail.com |
UOT: 332.14
The article presents the results of a study conducted to identify the main directions of adaptation of the regional development paradigm to globalization. The research methodology is based on the system analysis approach. The study shows that globalization leads to the emergence of new factors and opportunities that can have a significant impact on the development of countries and in-country regions. Consequently, the success of regional development policy in the modern era largely depends on the full and effective use of national and international factors and opportunities in a coordinated manner. It is substantiated that the improvement of the in-country division of labor taking into account the comparative advantages of the regions and the optimization of the “world-country-region” relations in terms of their contribution to sustainable and inclusive development can serve as priority directions for regional development policy in the context of globalization. In the end, based on the results of the study, conceptual recommendations are given on adapting the regional development policy and its planning system to the conditions of globalization in the Republic of Azerbaijan.
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Saadat. Hajiyeva
Agricultural Economics Research Center, Deputy director
Doctor of Philosophy in Economics
Nijat. Muradov
Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan
Samira. Akbarova
Ph.D. student of Azerbaijan Technological University Lecturer at Mingachevir State University
Nneka. Osadolor
Department of Economics, University of Benin, Nigeria Department of Economics, University of Ibadan, Nigeria
Abrehet. Mehari
Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics
Fuad. Ibrahimov
Economic issues expert of the Center for Socio-Economic and Ecological Research Public Union
Doctor of Philosophy in Economics
Uhayna. Valehzadeh
Ph.D. student of the Agricultural Research Center Lecturer at Azerbaijan Tourism and Management University
