How much is Azerbaijan integrated into the world?

When the global economy was facing a relentless recession in 2008 – 2009 period, Azerbaijani economy was still doing well enough with annual GDP growth of ~10%. Naturally, one may wonder, how come Azerbaijani economy did not went under a recession (or at least stagnation of economic growth) if there was a global crisis going on?

Continue reading “How much is Azerbaijan integrated into the world?”