Cluster development of Azerbaijani territories liberated from the Armenian occupation: choice of model.

Abstract

The regeneration of the territory of Karabakh is the primary task on the way to further strengthening the political and economic sovereignty of the Republic of Azerbaijan. In the territories liberated from the Armenian occupation, it is planned to provide a safe and dignified life for internally displaced per-sons in the shortest possible time, to carry out creative and restoration work in all areas, as well as to run effective activities for setting an impulse for a sustainable growth in the well-being of the returned native population. The modern practice of clustering the territories of advanced development, carried out in different countries, is characterized by a synergistic effect from the maximum use of regional re-sources, which makes it possible to achieve significant economic benefits within a minimum period. Within the framework of the cluster approach, the project is «placed» in a specific sector of the cluster and is implemented on the basis of a worked-out mechanism, taking into account socio-economic, polit-ical and legal aspects. It is within this sector that favorable conditions are created for the implementa-tion of the project, due to which, in fact, a synergistic effect is achieved and the desired output is pro-vided. Cluster development of the territories liberated from the Armenian occupation provides for state participation, including at the levels of sectoral executive authorities, regional government and local authorities, as well as in the person of state development institutions and institutional investors in inte-grated development projects – direct investment funds and leading systemically important banks. The residents of innovation clusters and technology parks, leading Azerbaijani developers, representatives of business structures, as well as private investors interested in portfolio investments can and should be-come other important actors in this process. Within this approach, a model of an economic cluster is proposed for the accelerated development of the territories of Azerbaijan liberated from the Armenian occupation.