Components and Priorities of Industrial Policy in Azerbaijan

Abstract

This article examines industrial policy in Azerbaijan and its link with the broader development agenda with respect to its periodization, priorities, and instruments. The article finds that despite the government's attempts to diversify the economy and exports by promoting non-oil industries, the imbalance between the mining and manufacturing industries remains a challenging issue. Additionally, the high level of oil-gas dependence negatively affects the quality of policy formulation and implementation in industry.