INTERNATIONAL ECONOMIC ORGANIZATIONS AND THEIR IMPACT ON AZERBAIJAN ECONOMY

Abstract

ABSTRACT

In the current conditions, it is extremely important to re-evaluate the role of traditional institutions in the development of international cooperation, including the orientation of regional cooperation, international capital flows, foreign economic policy and activities of international economic organizations according to new requirements. In this regard, the issues listed above have become the subject of research in the dissertation work. Thus, international organizations have empirically entered the structure of the BIM system, being an important element that requires new forms of regulation in the coordination of world economic relations, which are impossible especially in the conditions of economic globalization. The current global economic crisis in the world economy and its consequences show that strengthening international cooperation and enriching it with new features has become an urgent problem. In countries with limited natural, human and financial resources, it is very difficult to meet the needs of the population only by relying on these resources. In such conditions, it is practically impossible to meet the growing needs of the population without international cooperation, permanent and uninterrupted exchange between regions and countries. All this necessitates the existence and constant development of international cooperation between the countries, determines its importance for the national economies.