Exploring economic development in Turkey

Dec 6, 2011 Full story: Star 20

Clinton County Economic Development Director Bret Dixon will be traveling to Istanbul, Turkey, with hopes of bringing the promise of jobs and economic growth back with him.

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“Progressive liberal politic”

Since: Sep 11

Location hidden

#1 Dec 6, 2011
For economy development need economy competitiveness, less taxes, less bureaucracy, more freedom, open borders.
CRN

Ankara, Turkey

#2 Dec 6, 2011
neobyzantine wrote:
For economy development need economy competitiveness, less taxes, less bureaucracy, more freedom, open borders.
that is why communist china is suffering.
barbie

Tekirdag, Turkey

#3 Dec 8, 2011
For economy development need economy competitiveness, less taxes, less bureaucracy, more freedom, open borders
htttp://www.oynatsak.info

Since: Mar 10

Istanbul, Turkey

#4 Dec 8, 2011
Need slogan ?

Since: Mar 10

Istanbul, Turkey

#5 Dec 8, 2011
We need foreign direct investment promote economic growth..
So we need more democracy, human rights ,freedom of expression and other shiitz ..

I fck if who beleive! Snow White and the 7 b@stards stories.

Look at list of foreign investment among developing countries! I guess China has been number one for 20 Years..

“Target: OZ-World. cCc”

Since: Aug 11

Warriorness - Honour- Genocide

#6 Dec 8, 2011
neobyzantine wrote:
For economy development need economy competitiveness, less taxes, less bureaucracy, more freedom, open borders.
open borders with georgia? i thought it was open to gorgians!
Lambroni Ardziv

Houston, TX

#7 Dec 9, 2011
Gift And a Curse88 wrote:
<quoted text>
open borders with georgia? i thought it was open to gorgians!
Bir turk pisimis gotunu bin sefer vermeli hahaha hohoho hehehe

“Target: OZ-World. cCc”

Since: Aug 11

Warriorness - Honour- Genocide

#8 Dec 9, 2011
Lambroni Ardziv wrote:
<quoted text>Bir turk pisimis gotunu bin sefer vermeli hahaha hohoho hehehe
Armenians = prostitutes! Go sell your sister, you f***wit.
Ermeni siken

Istanbul, Turkey

#9 Dec 9, 2011
Lambroni Ardziv wrote:
<quoted text>Bir turk pisimis gotunu bin sefer vermeli hahaha hohoho hehehe
hohohoho 200 000 Armenian women working as LOL in Turkey.

Since: Oct 07

Location hidden

#10 Dec 9, 2011
READ THIS CAREFULLYH AND UNDERSTAND THAT TURKEY DOES NOT FACE A RECESSION!

une 10, 2011 | 1317 GMT

LOUISA GOULIAMAKI/AFP/Getty Images

Turks buy goods at the Grand Bazaar in Istanbul

Summary

As a consequence of Turkeys rapid credit expansion and growing trade deficit, the country appears headed for a recession. However, unlike China and the eurozone, its financial troubles are both easily solvable and not symptoms of a much larger catastrophe. Turkeys ruling Justice and Development Party has a number of options at its disposal to manage the looming recession, though its willingness to pursue these measures could hinge on the results of the June 12 parliamentary elections.

Analysis

The Turkish economy is out of balance. Credit has been allowed to grow too fast for too long and a recession is now all but guaranteed. But unlike the financial storms threatening the economies of the eurozone and China, the Turkish economic correction can pass swiftly if appropriate and relatively simple measures are enacted.

Though the remedies for Turkeys economic predicament are straightforward, including raising taxes, interests rates or bank reserve requirements, the ruling Justice and Development Party (AKP) has been reluctant to take them until after the June 12 parliamentary elections are held in order to avoid being punished for the pain those remedies could cause. The AKP is widely expected to retain its majority but the strength of its victory may determine how cautiously it proceeds on addressing the countrys imbalances if it moves too slowly, Turkeys present relatively minor economic challenges could grow much more serious.

First, lets explain what Turkey is not facing by contrasting its major financial issues with those plaguing China and Europe. The Chinese government sees economic growth less as an end than as a means. China is driven by a series of geographic and ethnic splits, and one of the few means Beijing has found to keep the population placid is to guarantee steadily rising standards of living. The Chinese government does this by forcing the banking system to serve government purposes. Nearly the entire national savings of the Chinese citizenry is funneled to state banks, which then parcel out loans at subsidized rates to firms. To qualify for such loans, firms are required to maintain high employment rates. Rates of return on capital, product success, good customer service and profitability barely enter into the equation. The economy grows, even strongly, as a consequence of this policy. But that growth is not sustainable without an ongoing (and rising) tide of such subsidi zed loans. When the Chinese system stumbles as every country that has followed a similar financial policy has before it it will threaten Chinas entire economic, political and social model.

Since: Oct 07

Location hidden

#11 Dec 9, 2011
cont
Europes financial problems are bound up with the eurozone, a common-currency area devised to bridge the gaps between the European Unions richer and poorer members. All euro members have access to the same eurozone-wide capital pool. But the treaties that forged the eurozone and European Union did not create a unified banking, fiscal, taxation or governing authority. Lacking coordination and regulatory oversight, poorer states less experienced in managing abundant capital overindulged in the sudden overflow of cheap credit. The fun lasted awhile, but now 12 years after the euros launch many states (and in some cases, their banks and citizens as well) are so over-indebted that their finances are collapsing. Already six of the European Unions 27 states are in some sort of financial receivership, and STRATFOR sees more joining them before too long (states in receivership now include Hungary, Latvia, Romania, Greece, I reland and Portugal. STRATFOR sees Belgium, Austria and Spain as next). To solve the problems wrought by the widespread indulgence in credit, Germany, Europes financial core, will have to assert direct control over the broader system. Otherwise that system will collapse. Either way, the post-World War II era of European history is about to evolve massively.

A Simple Solution for Turkey

Compared to the building financial crises threatening China and Europe, Turkeys is refreshingly simple and even easy to fix.

There is no doubt that credit has been expanded too fast in Turkey. In recent months, credit growth has edged up to 40 percent annualized, more than twice what could be considered normal or safe for a country with Turkeys infrastructure and purchasing power. That credit has been entrusted to the populace, which has used it to purchase things, as private citizens tend to do when they get a new credit card. But since the Turkish industrial base cannot expand as quickly as ones credit card bill, most of the new purchases have been of foreign goods. The most recent data indicates that Turkeys trade deficit now stands at 17 percent of gross domestic product (GDP). Such an expansion has usually only been seen in severely over-credited states such as Latvia or Romania and always in the moments before their finances collapsed (by way of comparison, the much-maligned U.S. trade deficit peaked at only about 6 percent of GDP).

clik for the rest

https://www.stratfor.com/join/free/thankyou_b...

“Target: OZ-World. cCc”

Since: Aug 11

Warriorness - Honour- Genocide

#12 Dec 9, 2011
Ermeni siken wrote:
<quoted text>
hohohoho 200 000 Armenian women working as LOL in Turkey.
I already asked lambroni, what his mother or grandmother worked as..no answers.

Reckon they were prostitutes. what ye think?

Since: Oct 07

Location hidden

#13 Dec 9, 2011
Household debt in Turkey is among the lowest in OECD so no problemm for households to take credit for households from Turkish banks. The FDI to Turkey is mostly into the bank sector because it is profitable, it is profitable because there is no great risk to lend money in Turkey! Hence no problem, no debt trap in Turkey!

Turkey has in 2011 a budget SURPLUS of 1,2 billion USD (januari to august) and low unemployment.

http://www.todayszaman.com/news-256877-turkey...

Since: Oct 07

Location hidden

#14 Dec 9, 2011
More positive FACTS:

- 65% of industrial exports from the MENA (Middle East And North Africa) region originate from Turkey

- Turkey has become Europes 2nd largest iron and steel maker and the worlds leading producer of construction iron.

- The 5th largest shipbuilding country of the world.

- Turkey is the biggest bus manufacturer and the third largest light commercial vehicle manufacturer in Europe

- Turkey's export volume in 2010 is more than Turkeys total export volume between 1923 and 1990.

- During the global financial crisis net profits of the banking sector rose by 50%

- Turkey has been meeting Europe's Maastricht Criterion (debt-to-GDP below 60%) on public debt since 2004.

- Turkey was one of the few countries whose credit rating was upgraded by two notches by Fitch during the global financial crisis.

- In terms of motor vehicles, Turkey is the Europes 5th and the worlds 15th largest producer.

- In 2009 Turkey was the 7th most visited country in the world

- Istanbul is the 3rd mostly visited city of Europe, after London and Paris.

- Turkey will be the highest growing IT market in the 2009-2014 period, followed by Poland.

- Turkish company Vestel is the largest TV manufacturer in Europe accounting for 16% of the LCD TV, as well as 25% of the digital set-top boxes markets in Europe.

- One in every 6 electrical household appliances in Europe is made in Turkey

- Turkey has the 2nd largest telecommunications market in Europe after Germany

- Turkish owned Turkcell is the third biggest operator in Europe in terms of
number of subscribers.

http://www.ukti.gov.uk/download/file/174660.h...

you enamies of turks and turiye are Facked again by cold, razor sharp logic. While Turkey is developing into a rich and powerful regional hegemon you're becoming a hippy infested banana republic. These are the facts. Sad but true -.

now you its plain why armenians are entering turkey illigelly risking everything and why some armenians blaber sshyt against turks yet guard there turkish identity and passport/citizenship with there lives .

Since: Oct 07

Location hidden

#15 Dec 9, 2011
just tell me and i can keep going

“Target: OZ-World. cCc”

Since: Aug 11

Warriorness - Honour- Genocide

#16 Dec 9, 2011
champion65 wrote:
just tell me and i can keep going
What you on about? of course the Turkish economy will survive any external shocks! why? becos we have armenian prostitutes!
Bronzilla

Greece

#17 Dec 9, 2011
IMF send you a message today

read it

Since: Oct 07

Location hidden

#18 Dec 9, 2011
Bronzilla wrote:
IMF send you a message today
read it
oh what's that
Bronzilla

Greece

#19 Dec 9, 2011
champion65 wrote:
<quoted text>
oh what's that
I ask my self same

Since: Oct 07

Location hidden

#20 Dec 10, 2011
Bronzilla wrote:
<quoted text>
I ask my self same
heres a mesage thats relivent to you

greece: Unemployment = 17.5%, Youth Unemployment = 46.4%
Greece: Unemployment at 17.5% 20K New Jobless Every Month

http://www.keeptalkinggreece.com/2011/12/08/g...

Bulgaria pulls out of Burgas Alexandroupolis oil pipeline project

Bulgaria is discontinuing its involvement in the Burgas Alexandroupolis oil pipeline project.

Bulgarian Finance Minister Simeon Djankov reports that this is due to inability to implement the conditions of the 2007 agreement signed by Russia, Greece and Bulgaria.

The agreement provided for constructing an oil pipeline between the Bulgarian city of Burgas located on the Black Sea and Greek Alexandroupolis on the Aegean Sea. The trans-Balkan pipeline was meant to deliver Russian oil bypassing the busy Turkish Bosphorus Strait.

(TASS)

http://english.ruvr.ru/2011/12/07/61756402.ht...

im saddened that greece is really being pulled through the thorns its those fuqing thieving politicians and the ordinary greeks that are suffering.

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