Page 111 - Azerbaijan State University of Economics

Nazim U. Hajiyev: Assessment stages of cyclical development of monopoly and
competition in terms of the reconstruction of Azerbaijan economy

of economical importance of certain economic sector is natural and long-term

tendency.

The changes in production structure also forced development of competition.

This is firstly related with leading direction of big corporation’s renascence was

diversification of production beginning with 60s years.

The objective basis of diversification is sudden destroy of production structure

by scientific-technological progress. In this condition additional capital created in

mature spheres is firstly directed to new spheres- high profit and speedy

developing spheres. To penetrate this sectors not only scientific-technological base

but also methods as absorption of operating companies is used. The diversification

of corporations pushes all entities into competition.

The transnationalisation of big corporations which is objective reason of

economical globalisation also plays an important role to boost the competition. The

issue is not only of low developed countries’ and transition economy countries’

attraction to the process of international competition sphere but also empowering

of competitive condition in local markets of developed countries. Governments of

developed countries purposely use international competition as a tool of pressure to

their monopolists to stimulate innovations and to increase effectiveness.

Continuing and harmonized policy of opening developed countries’ markets for

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