DEVELOPMENT CONCEPT “AZERBAIJAN - 2020: OUTLOOK FOR THE FUTURE”
Project
monetary policy in the country before the crisis, currency reserves that had been created
and the forward management of financial risks.
Along with that, the global crisis and its consequences necessitate the creation and
strengthening of protective mechanisms against depressive scenarios in modern economic
architecture. Along with traditional rescue financial funds, it is of special importance to take
special anti-crisis measures that will be used in the state regulation of the economy,
secure the diverse structure of the national economy and its ability to quickly adapt to new
conditions.
5. In the current stage, one of the issues facing humanity and having a great
influence on the public and political life of every country is the disruption of the ecological
balance as a result of industrialization which has been speeding up worldwide for years.
In the local and regional context, Azerbaijan’s ecological problems are mainly
related to oil extraction carried out for decades with imperfect methods in the Absheron
Peninsula and Caspian Sea without taking into account the ecological consequences.
Apart from that, the mass extermination of flora and fauna in the country’s Armenianoccupied territories and large-scare arson fires on this territory have become one of the
biggest ecological problems. The formation of a large amount of Azerbaijan’s freshwater
reserves in neighbouring countries and their intensive contamination with chemical,
radioactive and other harmful substances on the territory of these countries causes
problems in supplying drinking water to the population. Apart from that, the Metsamor
Nuclear Power Plant, which is located in the seismic zone in Armenia and is outdated from
a technological point of view, is a source of danger for the entire region.
As a manifestation of the environmental balance on the planetary scale, climate
change and global warming are related to processes that can cause natural disasters
(rivers bursting their banks, flooding of entire villages and cities, precipitation much higher
than the norm, avalanches, etc.). All these are factors that directly affect the economic and
social life of the country and need to be taken into account in the process of preparing
necessary policy measures. The experience of recent years shows that in order to
effectively fight natural disasters and their consequences, the state should prioritize
relevant activities in emergencies and the establishment of rapid reaction mechanisms for
the social security of the population in such situations. At the same time, while drafting and
implementing infrastructure projects in regions of the country, the high likelihood of natural
disasters should be taken into account, and relevant requirements should be considered
while designing and building infrastructure facilities of vital importance to ensure that they
keep their functionality as required.
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