Assessments Regarding Development Issues in the Azerbaijani Steel Industry in the Last 20 years of the 20th Century

Abstract

Nowadays, when national economies integrate into the global economy more closely, there are still some resources that have not found their usage in production and consumption at the local level. However, nobody can deny the importance of the evaluation of such opportunities in the global market. Seen this way, Azerbaijan is a rich country, mainly known for its rich oil resources. Unfortunately, these opportunities have not been evaluated and used properly (though research on the existence and usage opportunities of these resources were conducted in the last century). If we observe historical processes of the last 20-30 years of the 20th century, we can see that after being isolated from the international community and suffering severe shortages of resources, the Soviet administration paid special attention to research on rational usage of resources in its outlying regions.