Guliyev R., Doctor of Sciences (Economics), Professor Head of Department of Economic Theory and the services economy Azerbaijan Technical University, Baku Professor of Taras Shevchenko National University of Kiev, Member of the Milli Majlis of the Azerbaijan Republic MODERN ECONOMIC MODELS AND AZERBAIJAN

The article has an excursion into the modern economic theory. The current global economic models of socio -economic development are con-sidered. The differences that exist between these models are analyzed. The main difference between the models of socio-economic development associated with the role of the state in a market economy is pointed out. The characteristic of the Azerbaijani model of socio-economic develop-ment and its basic elements are cited. The importance of the oil strategy of the country, which is an essential element of social-economic develop-ment of Azerbaijan, is emphasized. The analysis of trends in the successful development of the national economy is given. Conclusions about the success of the Azerbaijani model of socio-economic development are made.
Keywords: modern economic theories, socio-economic model, the economy of Azerbaijan.

DOI: http://dx.doi.org/10.17721/1728-2667.2015/171-6/6

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