DOI: https://doi.org/10.36719/2789-6919/50/23-30
Dagbeyi Allahverdiyev
Institute of Economics,
Ministry of Science and Education of the Republic of Azerbaijan
PhD in Economics
https://orcid.org/0000-0003-2679-2024
dagbeycahani@gmail.com
Ali Allahverdiyev
Baku State University
Master Student
https://orcid.org/0009-0008-3617-130X
elidir@gmail.com
Nigar Allahverdiyeva
Baku State University
https://orcid.org/0000-0003-0977-3854
nigarallahverdiyeva556@gmail.com
Gunel Allahverdiyeva
Azerbaijan University of Architecture and Construction
Master student
https://orcid.org/0009-0000-0478-1834
gunel@gmail.com
Financial Efficiency and Socio-Economic Welfare Unity in
Foreign Economic Activity
Abstract
The purpose of the study is to analyze the essence of intergovernmental relations and politico-economic cooperation, the scope of international trade, and the application of alternative financial resources to the progress of socio-economic welfare. The study also examines factors hindering macroeconomic indicators in ensuring sustainable economic development, as well as the acceleration of economic growth and the development of international economic relations. The analysis aims to identify principles of state financial support and regulation in preventing global financial crises and to explore the experiences of countries that have faced similar challenges. Methodology: Comparative and analytical analysis.
As is well known, foreign economic relations are among the key factors determining a country's economic development, and the effective direction of alternative financial sources contributes to GDP growth. In this regard, the study analyzes the theoretical and methodological foundations of foreign economic relations and examines the experience of economic progress in developed countries.
Keywords: International economic development model, foreign economic activity, foreign investment, sustainable economic progress, alternative financial resources, foreign trade