STATE GOVERNANCE AND ECONOMIC TRANSFORMATION: FOUNDATIONS FOR SUSTAINABLE PROGRESS

Authors

  • Aysu Aghayeva Bachelor student, The Academy of Public Administration under the President of the Republic of Azerbaijan

Keywords:

Public administration, economic development, state governance, sustainable growth, economic diversification

Abstract

The state represents a structured form of public organization that transcends the fragmented efforts of individual actors. As the primary and dominant political institution within society, the state wields authority as the unifying, organizing, and coercive force that governs societal interactions. It stands as the sole, fully empowered entity operating at a national level, responsible for shaping the primary direction of societal development, addressing the interests of all citizens, and maintaining both domestic legitimacy and international recognition. Effective public administration emerges as a pivotal factor in driving economic progress within a country. Over the past decade, the nation has consistently ranked among the world's fastest-growing economies, as corroborated by leading global economic institutions. The implementation of prudent and strategic economic policies in recent years has established a robust financial and economic foundation. These measures have facilitated the dynamic growth and diversification of the non-oil sector, ensured balanced regional development, fostered productive international economic partnerships, and accelerated integration into the global economy. Collectively, these advancements have contributed to substantial improvements in the standard of living for citizens

Published

2024-12-02

How to Cite

Aysu Aghayeva. (2024). STATE GOVERNANCE AND ECONOMIC TRANSFORMATION: FOUNDATIONS FOR SUSTAINABLE PROGRESS. Academics and Science Reviews Materials, (8). Retrieved from https://ojs.scipub.de/index.php/ASCRM/article/view/4731