Paradigm of regional development in the context of globalization
Vagif Rustamov, Ph.D., docent |
|
| Center for Local Economic Reforms | |
| e-rustamov.vagif@gmail.com |
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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Emin. Ahmedzadeh
Doctoral student of the Agricultural Research Center
Doctor of Philosophy in Economics
Savalan. Seyfaddinov
Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan
Ph.D. in Agrarian Sciences
Lotanna. Emediegwu
Department of Economics, The University of Manchester, UK | Department of Agricultural Economics, University of Ilorin, Nigeria | Department of Economics, Policy and International Business, Manchester Metropolitan University, UK
Javid. Hasanov
Senior specialist, Agricultural Research Center Ph.D. student of the Agricultural Research Center
Фамиль. Рустамов
Institute of Economics of the Ministry of Science and Education, "Economic problems of the agricultural sector" department
Ph.D., docent
