Page 105 - Azerbaijan State University of Economics

DIRECTIONS OF IMPROVEMENT OF REGIONAL POLICY
OF STATE IN MODERN ENVIRONMENT

sources creation of unique state regulatory system provides important

base for development of the regions. In this case coordination of two
mechanisms (straightening of vertical management in local governance

and expand of independence of the regions) will play significant role in
increase of efficiency in planned projects and programs.

In general regulation areal economics requires application of

rational proportions and regional economic policy in development of
regional infrastructure.

State regional policy also includes systems of economic relations
which are always developing, expanding, collaborating with business

carrying entities and providing them with economic advisability.

Continues labor division always exists between these systems. There are
also some controversial moments here. These controversial moments are

characterized by contradictions within the collaborating economic entities.
There is variety of objects for governmental regulation in the

regions – economic cycle, territorial and areal structure of economics,
conditions for capital savings, employment, money turnover, prices,

competition conditions, scientific researches and practical engineering

works, social relations, preparation of the personnel, environment,
foreign economic relations and etc. Nowadays we can advice following

forms of long-term governmental regulations:
1. Rational utilization of governmental property over industrial

and natural resources;
2. Encouraging and supporting increases in different realms of the

industry;

3. Carrying nationwide innovation policy;
4. Regulation of commodity, resources and financial markets.

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