Macroeconomic Importance and Evaluation of Agriculture in Nakhchivan Autonomous Republic

Abstract

The main purpose of this study is to highlight the scientific basis of the macroeconomic significance of the agricultural sector in the economy of the Nakhchivan Autonomous Republic as an integral part of the Republic of Azerbaijan. The research resources obtained include: analysis of the existing potential of the economy of the Nakhchivan Autonomous Republic, resource provision of the agrarian sector, agrarian economic opportunities, the role of regions in economic development, opportunities for the use of labor resources of the agrarian sector, the effectiveness of the settlement policy. Strengthening of the economic and legal base of the agrarian division, ensuring the systematization and consistency of reforms in this area and other issues were involved in the research. At the same time, comparative analyzes were carried out on previous years and priorities for the new stage of economic development were discussed. Based on the results, it can be noted that the Nakhchivan Autonomous Republic has important raw material, processing and industrial potential within the macroeconomic goals of the Republic of Azerbaijan. This is chosen due to its important influence in the process of creation of Industrial Parks and Neighborhoods. Naturally, this acts as a decisive factor in the country's regional and national economic development processes. Consequently, the influence of the prospects of the agrarian division in the economic development of the autonomous republic is great. We think that specialization of territories and settlement of population can act as an important factor here.