Tendencies of investment policy in the Republic of Azerbaijan
It is proved that the investment is an important element for the acceleration of economic activity in general and economic turnover of entrepreneurs in particular. The authors investigated the crucial role of foreign investment in the mobilization of financial resources for development of economy in the Republic of Azerbaijan. It is considered that international private flows, particularly foreign direct investment, are expected to play a vital role in mobilizing financing for its development. Under globalization processes, investments determine the direction of financial flows in Azerbaijani economy. Thus, the state should take both direct and indirect measures to influence its formation and use. To make direct foreign investment efficiently influencing export policy it is important to make it a strategic constituent, aimed at increasing the value added, acceleration of technology transfer, thus leading to stepping up the rate of growth to increase FDI inflows should be a phased plan cautious allocation of human and technical resources. Independent FDI policies can serve as a benchmark for other policy areas, as it promotes technological exchange, capital flow and decreasing the volume of poverty.