Page 46 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.77, # 2, 2020, pp. 40-60

the development of human capital in the regions, as well as stimulating the application
of scientific results in industry.
Specialists with high knowledge and skills will be trained through higher education
institutions, private training centres, regulators and market participants to achieve the
goals set for 2025 and beyond. The activities of these specialists will be evaluated and
necessary changes will be made in the programmes at the relevant training centres.

In paragraph 3.1.7 of the Strategic Roadmap, it is mentioned that the establishment
of modern schools and universities, research and development, production and
service enterprises related to ICT technologies to some extent related to the
improvement of physical and technological infrastructure involved in the
development of human capital. It is noted that activities related to the establishment
of regional and functional universities and production clusters will be encouraged to
establish a flexible mechanism of "Education-Science-Industry" infrastructure. The
development of a multi-level continuing education system, university complexes,
research institutions and production and service sectors that increase the economic
efficiency of their activities will be supported.

The above-mentioned measures and items, along with indicating the future direction
of education in Azerbaijan, are important factors in determining the strategic
direction of development of Azerbaijani higher education institutions. Subsequent
reforms in the Azerbaijani education system continued in the above areas. Some of
these reforms include the restructuring of the higher education system. On June 21,
2017, President of the Republic of Azerbaijan Ilham Aliyev signed a decree on the
reorganisation of Baku State University and Azerbaijan State Economic University,
which reflected the reorganisation of both universities into public legal entities under
the Ministry of Education. Respectively, the charters of Baku State University
(BSU, 2015) on April 16, 2019 and the Azerbaijan State University of Economics
on August 22, 2019 were approved by the order of the Cabinet of Ministers of the
Republic of Azerbaijan (UNEC, 2015).

In order to increase the international competitiveness of Azerbaijani higher education
institutions after the strategic road map, the “State Programme on Increasing the
International Competitiveness of the Higher Education System in the Republic of
Azerbaijan for 2019-2023” was approved by the President of the Republic of
Azerbaijan on November 16, 2018. This state programme shows the strategic
direction of development of higher education institutions in the mentioned areas. The
action plan for the implementation of the state programme consists of two parts. One
area is the establishment of international dual degree programmes in local universities
and the involvement of foreign teachers in the universities where the two degree

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