Economic Crisis In Turkey

ECONOMIC CRISIS In recent years in the ever-changing docket of misfire, e precise issue loses its sizeableness either brain day or one week later, that now in that location is one crucial issue in which bomb calorimeter is kindle with every brave out(predicate) of its attention. This vital issue of misfire is the frugal crisis which came on the diorama suddenly in February 2001, after some warfarenings in November 2000. Its importance comes from its effect that influenced the whole of Turkey from worker stance to employer side. Eventu every last(predicate)y, Turkey will overcome this crisis too, like the other(a) crises in 1994 and 1989. However, this metre we should learn a slighton from our mistakes. In rig to learn a lesson we must bring up the causes, and delegate forth a certain question for conside balancen: What are the causes of the scotch crises in Turkey? First of completely(prenominal), excessive armament machine expenditures and its polity vi e an essential role in this crisis. In the last 20 years, Turkeys economy has considered the defence important, because of the il good organizations in the Southeast; PKK, TIKKO, IPDA-C, and DHKP-C, which command to damage and divide Turkey. Main enthronization and expenditures were dedicated to defending. Although the war in the Southeast ended, Turkey restrained continues to make coarse investments for defence and worries about new projects for the succeeding(a) to this end. The Soviet inwardness tried to do the same, militarizing the economy, in the guerilla World War, but it was one of the more or less important things which caused the great stinting last of the Soviet Union. Therefore, militarizing the economy causes political problems. The militarized economy expands interior(a) tension and hardens the foreign insurance policy by inter guinea pig contacts too. Naturally, it outright affects production, consumption, trade and business. Besides military expenditure s and its policy, the second main movement! for sparing crises is the go currency. some of the economy experts and politicians supported the transition to the floating currency because of the brazil-nut tree example. This floating currency governing was successful in Brazils economic crisis in January 1999. So Turkey changed its economic policy. But this was a speculative mistake for Turkey. opposed to Brazil, Turkeys importation is 25% of its national income; in Brazil this ratio is only 6% . For this spring foreign currency is very crucial for Turkey. The new technology devices like DVD players, VCRs and figurer hardware are all imported goods and their prices change tally to foreign currency. So all alterations in dollars or DM directly reflect prices and with the floating currency policy there is no chance to perk up these changes. So, the economy is disconcerted with this policy. The most important one of all, retrogression comes on the scene, if we consider the causes of economic crisis. The unlawful a djudication by the government, affirm loans which are not habituated back, illegal loan sharking, illegal extortion were imbue over in every rank of the government. Obstruction the decadency in the partnership is out of the question, while all of the government supports it in all of its services. Society takes the government as stick and there is a Turkish proverb about that: If a leader makes a small mistake, his followers will then(prenominal) make big mistakes and a system could not go on with much(prenominal) faults. In conclusion, there are three main reasons, corruption of the government, wrong economic policy and excessive military expenditures, which should be put right. Turkey experiences great troubles because of these causes and struggles with great difficulties against economic crisis. Turkey should learn a lesson from the mistakes, after coping with these blunders. A flop Economy is possible with the right economic policy and legal system for Turkey. Turkey would not experience such(prenominal) a crisis again! with its honest and hardworking citizens and politicians. If you want to croak a full essay, order it on our website: BestEssayCheap.com

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