Page 30 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

THE ROLE OF COMPETITION ADVOCACY IN
TRANSITION AND DEVELOPING ECONOMIES

Prof. Dr. Hans Wiesmeth
Dresden University of Technology Faculty of Business and Economics
Chair of Economics, esp. Allocation Theory
E-mail: [email protected]

Associate professor, Ph.D. Nazim Uzbey Hajiyev
Chief of division in Research Institute for Economic Studies
Azerbaijan State Economic University
E-mail: [email protected]

Abstract

The purpose of the study is to investigate the practical issues to protect
and develop competition in transformation countries on the basis of the
experience of industrialized countries. The research work applies
methods such as a scientific abstraction, system analysis and logic
synthesis. The result of the study emphasizes that in transitional and
developing economies the protection of competition is of outstanding
significance. In particular, trade liberalization, careful economic
regulation, appropriate state support for local governments, privatization
and other policy areas should be continuously promoted by an
independent competition agency. The practical significance of the study
is its potential to enrich the academic and practical knowledge of
specialists working in this field. Moreover, experts conducting research
into the creation and development of sound and effective environmental
policies will be supported by the effective implementation of
competition policy. The originality and scientific novelty lies in the fact
that the research work analyzes and systematizes experience of
developed and developing countries; moreover it gives recommendations
to look into these countries regarding their practices for the protection of
competition.

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