In the post-oil era, the scarcity of funds has brought forward unpredictable income sources (such as lottery proceeds, fines, and penalties) rather than fixed income sources, to boost fiscal capacity. Accordingly, the Milli Majlis (National Assembly) has introduced amendments to the Code of Administrative Offenses. For context, the last adjustment to fines took place in … ➠ 📖
The 2024 Nobel laureates in economics have been announced, and the prize was awarded to Daron Acemoglu, Simon Johnson, and James Robinson for their joint research. In my opinion, these names are symbolic. In reality, this prize was given to an idea that successfully proves and interprets the positive connection between democracy and economic development, … ➠ 📖
The trend of state borrowing has been increasing significantly in recent years. The primary catalyst for this surge was the global coronavirus pandemic in 2020. Across the world, state borrowing has gained even more momentum. The UN document [1] states: “Globally, government debt has nearly doubled since 2010, reaching a historic record level of $97 … ➠ 📖
Turan News Agency Since the beginning of Azerbaijan’s independence, heated discussions have been held in connection with the political and economic choice of Azerbaijan. One sees Azerbaijan in the CIS, others in the Eurasian Economic Union, and others in the Non-Aligned Movement. Some see it in integration into the Euro-Atlantic space. When choosing between these … ➠ 📖
Description of the picture of global inflation The 3-year period, covering the pandemic and post-pandemic period, being a mega trend in the global economy, has largely popularized the inflation factor. Because in all countries of the world the process of depreciation of national currencies by countries in comparison with goods and services has accelerated. With … ➠ 📖
When we talk about food security, it should not be understood only as citizens’ access to food. This should also be seen as a threat to national security. Because food security is a very important component of economic security, and economic security is a very important component of national security. The concept of internal security … ➠ 📖
