THE IMPACT OF TRANSPORT CORRIDORS ON THE ECONOMICDEVELOPMENT OF AZERBAIJAN

Abstract

This paper examines the utilization of transport corridors for trade in Azerbaijan. It also highlights the impact of transport corridors on the economic growth of Azerbaijan. It also observes the country’s efforts for economic development and emerging challenges. It is found that the journey of Azerbaijan’s economic transformation has been started at the time of former president Heydar Aliyev and never seized up thereafter. The leadership of Azerbaijan took bold steps to steer the country out of vicious economic conditions and provided a new direction of development. To make an objective analysis, the paper takes in the reviews of different reports, published articles and news discussing the critical aspects of economic corridors, potentials and risks attached to their functioning. The last part of this paper presents some recommendations too.