The Business environment: economic reforms in the context of institutional shortcomings

The Business environment: economic reforms in the context of institutional shortcomings

A few days ago a fire broke out in one of the shopping malls located in Baku, Azerbaijan. According to local media which referenced official sources, the number of entrepreneurs who suffered financial damage due to the fire was 420. According to some reports, the financial loss caused to the entrepreneurs as a result of the fire was about 200 million manats. Although it’s a heterodox approach, the fire in the shopping center can be considered as a test of the existing business environment in the country, including state and economic institutions. Because the fire accident presents a number of shortcomings in the listed areas, as well as provides practical explanations for the difficulties observed in the implementation of the reforms into the economy.

Download Full Paper Here

Leave A Comment