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The market economy is the main pre-condition for the development of every country. But it also has its own problems and negative aspects. This means that if a purely market economy is applied, the social situation of people may deteriorate and radical economic reforms may reduce living standards. For this reason, in parallel with market economy principles, it is necessary to pay constant attention to social issues as well.

From a speech at a meeting with residents of Sabirabad District
05.10.2005
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