Theoretical foundations of sustainable development of Azerbaijan

Abstract

Sustainable development is one of the fateful paradigms of modern humanity, the most important economic challenge facing society. The successful economic policy pursued during the years of independence allowed Azerbaijan to achieve high rates of economic growth, exceeding the same indicator not only in the post-Soviet space, but in some years throughout the world. The purpose of this study is to investigate the theoretical foundations of sustainable development in Azerbaijan, as well as to explore the theoretical foundations of the concept of sustainable development in general. The study of the theoretical aspect of sustainable development as a concept, as well as sustainable development on the example of Azerbaijan, was accomplished with general scientific methods of scientific cognition. The main toolkit included the methodology of a systemic, integrated, and structurally functional approach to the study of sustainable development issues, as well as the principles of deduction, induction, generalisation, and analysis. In the process of scientific research, statistical, logical, and other methods of processing and generalising information were used due to specific goals and objectives. This study examines complex strategies for development, sustainable development, and environmental protection both in the economy as a whole and in individual sectors. The short-term and long-term goals of the concept of sustainable development of Azerbaijan were also considered. The practical value of this study lies in the fact that its results can be used to study the main aspects of sustainable development. The results of this study can also be used to learn about the level of sustainable development of Azerbaijan.