№ 2 (20) 2023

The main press body of the Azerbaijan Academy of Labor and Social Relations is the scientific-practical magazine “Labor and Social Relations”. The magazine is published twice a year in the volume of 8-10 printed sheets, with a circulation of 200. Today, at a time when scientific journals are in the majority, the articles presented in the “Labor and social relations” scientific-practical journal show a high scientific level, training and strengthening of intellectual potential, improving the quality of education, contributing to the study of social labor relations problems, information technologies to apply the successes achieved in the field in recent years in international scientific cooperation, etc. such important tasks.

Scientific-practical magazine “Labor and social relations” is always open for intellectual discussions and exchange of ideas on scientific issues. Journal of social problems and economy of modern science, sociology, law, etc. It is a real discussion area of current issues related to development.

About article

INFORMATİON ECONOMY: A LOOK AT ITS FEATURES

Aysel Badalzade

Azerbaijan State Oil and Industry University, teacher aysel.bedelzade@asoiu.edu.az https://orcid.org/0000-0002-2923-7699

ABSTRACT

Abstract

The article analyzes the development trends and characteristics of the information economy that is being formed in the country according to the experience of developed countries. Based on the given comparative analyses, the current situation in the field of information society and economy formation in Azerbaijan is considered. The significant effects of qualified personnel developed in this field on the country’s economy have been determined. Some recommendations on improving and protecting relevant data analysis in the chain of commercialization of scientific ideas in the context of the innovation economy are given. In our modern era, a clear analysis of the stages of realization of a new type of economic relations, where information acts as an important and main connecting tool, between production and consumption relations, material and non-material production stages, has been carried out.

The goal – is to examine the features of the developing information economy era and clarify the ways of applying these innovations in the country’s economy.

Methodology – economic and methodological studies were conducted.

The result of the research – is that for the application of the information economy in Azerbaijan in modern times, it is important to form a technical base and involve qualified personnel in this work.

Keywords – information economy, high-tech product, modern market economy.

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