The Pros and Cons of WTO Membership for Azerbaijan Since the recovery of its independence, Azerbaijan has constantly been pursuing opportunities to expand its foreign trade, an effort that some argue would be helped if Baku were to become a member of the World Trade Organization...

Using Oil Revenues Effectively In Azerbaijan The rapid increase in oil production and the rise in prices for this oil have ensured that Azerbaijan has posted the sixth consecutive year of double-digit growth. GDP expanded by a record 34.5 percent in real terms in 2006 (the last year for which complete data are available), the highest growth rate in the world for the second year in a row. Although oil and gas are responsible for most of this growth, non-hydrocarbon sectors of the economy are still growing fast as well, by 11.2 percent in the same year...