Building a systemic policy to ensure economic growth in the CIS countries in the current conditions (example of the Azerbaijan economy)

The article is devoted to the current situation in the economy of Azerbaijan, as well as global trends. Based on the selected priorities, prospects for economic growth and development were determined, and volatility in the country’s economic development was analyzed. The article identifies the reasons for the slowdown in economic growth, which reveal the feasibility of carrying out a structural transformation, since a non-diversified economy is subject to the risks of unsustainable development and unsustainable economic growth. Structural problems of the economy, its growth and development should be central to the development of economic policies in order to stimulate growth and development. This contributes to the transition to a new growth model, solving the problems of uncompetitive industries and markets. Economic diversification leads to the emergence of new types of activities in new markets and new industries, that is economic diversification is facilitated by increased competitiveness, innovation, effectiveness and efficiency. Directions are also proposed to help reduce the impact of structural problems on the economic growth and development of the country.

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