Globalization - Turkey

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Globalization: the Turkey case II)Introduction The term "globalization" has a strong emotional charge. Some see globalization as a beneficial process - which will contribute decisively to global economic development - inevitable and irreversible. Others are hostile to this process, if not fear, believing that it increases inequality within and between nations, threatens employment and living standards and thwarts social progress. The objective of this study, which is an overview of certain aspects of globalization, is to indicate how a country can take advantage of this process, while realistically assessing the potential and risks. That globalization offers great opportunities to achieve a truly global development advance…show more content…
As GDP has more than tripled to 772 billion U.S. dollars in 2011 against 231 billion in 2002, GDP per capita has soared over the same period, from 3 500 to 10 444 U.S. dollars. Demonstrable Progress of the Turkish economy also strongly encouraged foreign trade. Exports increased from U.S. $ 36 billion in 2002-135000000000 end 201. Similarly, tourism revenues, which were around $ 8.5 billion U.S. in 2002 exceeded $ 23 billion in 2011. These dramatic improvements in such a short time have made Turkey an exceptional emerging economy on the global economic scale, the 16th world economy and the fifth of the EU, according to figures of GDP (PPP) for 2011. While many economies have failed to emerge from the recent global financial crisis, the Turkish economy grew by 9.2 percent in 2010 and 8.5 percent in 2011, it becomes the most dynamic economy in Europe and one of the most dynamic in the world. Real GDP Growth (%) Moreover, according to the OECD, Turkey should show the strongest growth of all OECD countries over the period 2011-2017, with an average annual growth rate of real GDP of 6.7 percent. Forecast average annual growth GDP (%) in OECD countries, 2011-2017 Legal and political structures Constitution The Republic of Turkey adopted its first Constitution in
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