Abstract :
After the collapse of the Union of Soviet Socialist Republics, it was very important to develop economic relations with Azerbaijan (independent in 1991), and with the other newly independent countries for the actors aiming to obtain a power and to become influent in the region. In this process, it was envisaged that the relationship between Turkey and Azerbaijan would be improved due to the cultural and ethnic ties and roots based on the past. As the economic power in the international level and the economic relations in the international relations play a determinant role, in this paper, the economic situation of Azerbaijan and its relationship with Turkey are taken in the economic dimension. The aim of this paper focuses on demonstrating the economic situation of Azerbaijan and on finding out if the relations between two countries have grown or not according to the slogan of “two states and one nation.” By this purpose, the effectiveness of the relationship between Turkey and Azerbaijan has been tried to be put forth by the economic data of Azerbaijan. In the conclusion of the paper, although it is emphasized on the importance of Azerbaijan for Turkey, and on the necessity of improving the bilateral relations, it is seen that the slogan of “two states and one nation” is said in the political and cultural framework. However, it is also seen that this discourse is not enough effective at the economic level.