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Ponte Academic Journal
Oct 2018, Volume 74, Issue 10

SOCIALLY-ORIENTED MARKET ECONOMY THE BASIS OF DEVELOPMENT OF SOCIAL STATE

Author(s): Mammadova Seadat Davud gizi

J. Ponte - Oct 2018 - Volume 74 - Issue 10
doi: 10.21506/j.ponte.2018.10.5



Abstract:
While implementation of socially-oriented market economy, first of all, improvement of life quality of population and competitive abilities of human capital, as well as regulation of economic development and its stability, use of natural resources and their preservation for future generations are important conditions. The main aim in implementation of the model is provision of the dynamics of the human capital related with ecological, institutional, economic, informative- technological directions and regulated development of ecosystem. Characteristic features of national economic development model of Azerbaijan are the followings: I. In Azerbaijan mixed economy is being formed based on different property and economic forms and an environment is being established for favorable activity of state and private property forms; II. In Azerbaijan, economy is regulated by the state, favorable condition is set for competitivity of products both for domestic and foreign markets; II. Regulation is carried out both on macroeconomic, and microeconomic level; IV. Development peculiarities of socially-oriented economy, traditions of solution of social problems by the state are compatible with German model; V. Environment of free competence is conducted by the state and anti-monopoly measures are implemented; VI. Employment policy and reduction of poverty are integral parts of the social economic policy conducted in Azerbaijan. As above-noted, socially-oriented market economy forming in Azerbaijan reflects traditions of the western countries, as Azerbaijan has joined social policy program of the European Union and here the legal framework of market economy is based on international laws. So, national economic development model of Azerbaijan has social nature. Economic policy carrying social nature, on one hand is based on human factor, on another hand, on the practice of the advanced countries of the world developed by the way of development of market economy. At the same time, innovative development of economy and implementation of modernization strategy are priority issues in national economic development model of Azerbaijan.
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