STRUCTURAL MODEL OF ECONOMIC DEVELOPMENT OF AZERBAIJAN: CHALLENGES AND OUTLOOKS

According to its intrinsic logics, challenges of interaction between a production and market, is about the necessity of ongoing channeling of the production to social interests of a human being, as a demiurge of all forms of living process, since the productivity and efficiency of other activities directly depends on the level of its social security. During the period of administrative-command system of the former socialist camp, the development of market relations was hindered by mono-systemic economy, oriented towards the use of a single state property; overburdened regulation of production-economic processes at the macro-level; limited economic freedom of economy at the micro-level; centralized orientation of provision of material and financial resources. These new international subjects faced a challenge to choose a way of how to introduce civil market relations with socially oriented economy. By that time, there was a best international practice of European countries: Germany, Denmark, Norway, and Sweden etc. These countries, in 70s of the XX century, have been managed to settle objectives in practice, which were set, but not fulfilled by former socialist countries. The definition of the "success model" emerged in the scientific vocabulary in the second half of the XX century has been implemented in our country too. Whereas up to 90s that definition was used in relation to Germany, Japan, Sweden and other such kind of countries, China and Turkey were in the limelight of the world community in this respect in early 90s of the XX century. In-depth research was made to learn the essence of their economic development, which results in such a rapid and effective prosperity.