Page 64 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.73, # 1, 2016, pp. 64-77

AZERBAIJAN FROM INNOVATIVE GOVERNANCE TO GREEN
ECONOMY

E.Ahmadov

PhD in Economic Sciences
Academy of Public Administration under
the President of the Republic of Azerbaijan
Deputy Head of Planning and Management
of Sustainable Development Department.
E-mail: [email protected]
tel: +(99412) 4926361
mob: +(99455) 2770713

Received 18 February 2016; accepted 16 June 2016; published online 30 June 2016

Abstract

The entry of Azerbaijan into the list of developed countries by 2025 is a
priority task set by Mr. President Ilham Aliyev. Further development of country is
based on sustainable development conception. Since the recent economic
achievements of Azerbaijan are based on the principles of innovative management
and this trend is the basis of transition to a green economy in Azerbaijan.
Knowledge-based economy in parallel with the innovative governance, in turn,
serves to restore the ecological balance and effective resource management. At the
same time conveying the effectiveness of innovative development to the population
provides social welfare. In this regard, some examples of efforts and initiatives for
sustainable development by Vice-President of the Heydar Aliyev Foundation,
initiator of IDEA Public Organization Mrs. Leyla Aliyeva reviewed in the article.

Keywords: green economy, knowledge based economy, environmental
management, competitive economy, energy efficiency.

JEL classification: F21, D24 O1.

Introduction
Vice President of Heydar Aliyev foundation, founder of IDEA social union
(International Dialogue for Environmental Action) Mrs. Leyla Aliyeva in her speech
emphasized that ―an environmental education will empower future leaders with the
knowledge and tools necessary to relate to the environmental challenges of our time.

64