Přehled o publikaci

This paper explores the phenomenon of Dutch Disease in Azerbaijan, a condi-tion characterized by the economic decline of non-resource sectors due to the booming natural resource sector, specifically oil and gas. Utilizing a case study approach, it delves into the country's over-reliance on hydrocarbon exploitation and its implications on the broader socio-economic landscape, including the pivotal role of family businesses and the IT sector in economic diversification efforts. The paper examines the strategies employed by Azer-baijan to mitigate Dutch Disease, highlighting the role of the State Oil Fund of Azerbaijan (SOFAZ) and initiatives like ABAD in promoting economic stabil-ity and diversification. Through a detailed analysis of the Azerbaijani econo-my, the study underscores the challenges and opportunities for family busi-nesses within this context, emphasizing the government's initiatives to sup-port non-oil sectors. The paper also provides a comparative analysis with other resource-rich countries, offering insights into how different nations manage natural resource wealth and economic diversification efforts. The findings contribute to a deeper understanding of Dutch Disease, its impact on family businesses, and the importance of strategic economic planning in resource-dependent countries.