Innovative and Traditional Industries in the Azerbaijan Economy: Dualism or Contradictions

DOI

10.2991/icefb-19.2019.25How to use a DOI?

Keywords

Azerbaijan; innovations; traditional industries; influence; institutions

Abstract

Azerbaijan is one of the best developed economies in CIS, its oil and gas sector contributes to the development of the country the most significant part. At the same time, the innovative sector plays a very important role in the contemporary situation – the oil prices are hard to predict, the global situation is turbulent. In this regard, the development of innovative economy for Azerbaijan is one of the key priorities. The article aims at the revelation of the main aspects of interactions between the traditional and innovative industries of the country’s economy and to assessing the risks and benefits that the shift to innovations may bring to the economy of the country. The novelty of the article incorporates the development of the ineffective innovations vicious circle for the economy of the country.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Parvana Mamadova
AU  - Mikhail Y. Lukyanov
AU  - Leyli R. Rustamova
AU  - Stanislav I. Chernyavsky
PY  - 2019/12
DA  - 2019/12
TI  - Innovative and Traditional Industries in the Azerbaijan Economy: Dualism or Contradictions
BT  - Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
PB  - Atlantis Press
SP  - 100
EP  - 103
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefb-19.2019.25
DO  - 10.2991/icefb-19.2019.25
ID  - Mamadova2019/12
ER  -