This website uses cookies to ensure you have the best experience. Learn more

The Market Of Azerbaijan Republic: A Transition Economy

1389 words - 6 pages

The market of Azerbaijan Republic can be defined as emerging market in transition economy. There is almost no any directly related literature to Azerbaijan market that can be a good source to identify business strategies that must be pursued in this market. But because Azerbaijan market has all main features of other emerging markets, any literature relating to emerging markets or transition economies can be reviewed to provide companies with necessary insight about how can be successful in this market. The term emerging markets is used to define markets of developing countries that grow very rapidly and that are in the process of industrialization. This term covers many countries in large geographic area from Latin America to Asia. These countries are neither fully developed, nor the newly industrialized countries. The main characteristics of these countries are that their economies grow rapidly; they are usually rich with natural resources, GDP rate is very high, people in these countries are able to buy goods and services that they have not been able to buy before. Therefore, these markets offer new customer base and great market opportunities to foreign companies. But it must be noticed that investment usually carry risk and doing business is not easy in emerging markets.
Transition economies can be explained as a changing economy from centrally planned to a free market. These economies undergo economic liberalization, where prices set by market forces, macroeconomic stabilization, where high inflation is controlled, privatization of government owned enterprises and creation of a financial sector in order to simplify the movement of private capital (Lakatos G. M. 2008). Especially, existence of private property rights is very important indicator for transition economies. The transition process can be seen in many developing countries, including China, the Former Soviet Union and Former Communist bloc countries of Europe. Because the business environment is in transition in these countries, western style business concepts must be adjusted to local conditions (Chadraba and Springer, 2008).
Doing business in emerging markets and transition economies requires attention from companies. Firms must analyze and understand these types of markets and economies very well before making larger investment (Johanson and Vahlne, 1977). As mentioned previously special business strategies must be developed in order to survive in unfamiliar business environment of emerging markets and transition economies. In their article, London and Hart (2004) state that companies must be aware of that ‘western style patterns of economic development may not occur in these business environments’ and argue that although emerging markets offer great opportunities for foreign companies, they also present many challenges for them as well. They describe main challenges in emerging markets as followings:
Social contracts and social institutions dominate – Different...

Find Another Essay On The Market of Azerbaijan Republic: A Transition Economy

Discuss the transformation process of state owned enterprises (SOEs) in a transition economy. Illustrate by using a company you have researched in China, Vietnam or Russia

1085 words - 4 pages relationship, and monopolistic market practices.Owing to the above, China started the process of transition from a planned economy to a market economy at the end of 1978.4. Difficulties and problems encountered during the change to market economy.China's transition from a planned economy to a market economy at the end of 1978. When china started the process, the government did not have a well-designed blueprint. The approach to reform can be characterized

The Transition between Rome the Republic and Rome the Empire

608 words - 2 pages last event marks the death of the Republic and the birth of the Empire, now that the Senate and the Assembly have no power.Rome's transition from Republic to Empire was a long process. It includes numerous wars and reforms. Rome as a Republic and Rome as an Empire are so different that can be seen as two different civilizations. This transition allows Rome to become one of the greatest empires that have ever existed in history.

The Transition of a Patient from the Hospital to Home

577 words - 2 pages services, patient education and engaging patients in decision making about their medicines in the home during consultation. Seamless care is the transition of a patient from the hospital to home. It also comprises of care that is given to a patient in the health care system across the spectrum of caregivers and their environments. It is carried out without interruption. Pharmacy can contribute such that when one pharmacist ceases to be

Benefits of the Market Revolution on the Economy

716 words - 3 pages and industrialization. Though this was great for the Americans it did affect the Native Americans and African slaves in a negative light. Even though it had ups and downs from different point of views the market revolution changed and improved how our economy is today. Works Cited Daniel Walker Howe pg. 259 Harriet Hanson Robinson, a “Lowell Girl,” Describes her labor in a textile mill, 1831 pg.239 Daniel Walker Howe The changes wrought by cotton, transportation, and communication pg.256

Move forwaid in the transition of a university

1359 words - 6 pages Potcake thought of the day “Why isn’t The College of the Bahamas (COB) a University yet when we have so many upcoming jobs for the people and now we have to bring outsiders here to make all the money”. Although there has been talk around the college about its transition to becoming a university there is still a lot needed to be done for this transition to be put in place. Therefore we need, the appropriate strategic leaders and vision must be

The Transition of the Housewife

1822 words - 7 pages As history demonstrates, conflicts always seem to emerge when the discussing a woman’s “place in society.” Before the late 20th century, the expectations of women were blatant; they were to perform housework, tend to their children, and above all, obey their husbands. As considered second-class citizens, they had none of the rights that a male in the US was granted. Most women accepted the roles that had been set out for them because it was the

Our local farmers market: Bartering in the last free market economy during the month of December

1407 words - 6 pages Our local farmers market: Bartering in the last free market economy during the month of December The farmers market is located in the heart of downtown Hilo; it attracts customers because of the local products, these products have caused the farmers market to become a desirable tourist destination. The farmers market is always changing and competing against one another in one of the last examples of a free-market economy, this is why I chose

The Transition of Film Technology

2353 words - 9 pages The other day, I went to the Vue cinema and watched the new movie "Thor 2 - The Dark World". It was a marvellous movie with mind-blowing actions. There was a short scene that really has blown my mind and kept me thinking of how it works, Thor- the marvel hero got himself sucked into the space with a tremendous speed. I can imagine how advance is the filming technology of fast forwarding motion pictures today. The scene has also inspired me to

The history of republic

1223 words - 5 pages The history of a small town in southwest Missouri has a story of all how it all got to where they are today. This town is Republic Missouri, through the rich history wealthy entireprises on the way this town has made its mark in the history books.Through the history of the rail road through the battle of Wilson’s creek. This town has seen its fair share of action.Today Republic virtualy consumes the area of what was one rail road station and a

The Republic of Cameroon

2221 words - 9 pages its post-independence problems: lack of industry, underdevelopment, a weak economy dependent on a few key exports, a multi-ethnic population, and the always-troublesome postcolonial political transition” (“History of Cameroon”). Cameroon, however, had a lot of success and avoided many problems that other newly independent countries faced such as debt, food scarcity, and a failing economy. However, between 1961 and 1963, there was a mass unrest

The Republic Of Djibouti

1303 words - 6 pages Somali and Afar. The star symbolizes the unity between these two groups. In conclusion, Djibouti is a small country that has a lot of historical substance and many traditions. It is a poor country but it is soon developing into a country that is rising in the ranks of East African countries. The people, the economy, the history and every other aspect makes the Republic of Djibouti what it is today. Works Cited https://www.cia.gov/library

Similar Essays

Establishment Of Mortgage In A Transition Economy

836 words - 3 pages transition economies. The only transition economy with a mortgage loan to GDP ratio over 5 percent in 2000 was Estonia. In the other advanced transition economies, this ratio is about 2 or 3 percent on average.Mortgage financing in the transition economies often lacks many of the characteristics found in more developed markets (sound long-term capital market, effective legislative base, and sophisticated method of assessing real estate). In

The Role Of Law In Transition Economy

1318 words - 5 pages at Potsdam was to plan the war with Japan.The atmosphere at Potsdam was thought provoking and relaxed.The British electorate delivered a landslide victory to the Conservative Party.The Labourites established the model of "transition economy" characterized by strong, direct government involvement in the economy.Britain was a nation whose businessmen shared their profits with the government, introduced new technologies and exhorted their

Why The Dominican Republic Is In The Early Expanding Stage Of Demographic Transition

1468 words - 6 pages The Dominican Republic is a developing country in the early expanding stage of their demographic transition. This means their Crude Birth Rate (CBR) is constant, their Crude Death Rate (CDR) is decreasing exponentially, and their Rate of Natural Increase (RNI) is growing. All of these values correspond to the number of births per 1000, number of deaths per 1000, and population growth or the (CBR – CDR), is greater than zero indicating growth of

Evolution Of The Market Economy: Jobs

1597 words - 6 pages trade, which all led to a higher flow of money. The development of the market economy began with artisan work, merchants, slavery, and the division of labor. And from these, began the origins of modern capitalism in America. The expansion of slavery is a direct cause of the Civil War soon to come. Works Cited Foner, Eric (2004) Tom Paine and Revolutionary America. New York: Oxford Press. Clark, Christopher et. al (2008