Turkey's economy is shown as a dynamic economy by the international institutes because of enjoying cheerful developments in recent years. Of course in these positive developments political stability has played significant role. Due to the government that is ruled by a single party has brought strength to the country compared to the long term coalition governments which pursued populist and myopic policies by 2002. Since late 2002, pleasing progresses have being enjoyed almost in every aspect either inside or abroad.
In 2008, even though the economy obtained strong advancements between 2002- 2007, the GDP annually fell to a 0.9%, due to global contractions and then contracted by 5.8% in 2009.
Emerging quickly from the global economic crisis that caused economic recession which is regarded the deepest and the most widespread in more than six decades, without any outstanding damage and not taking any international financial aid, Turkey is also shown an example country.
Turkey's financial markets and banking system also weathered the 2009 global financial crisis and did not suffer significant declines due to banking reforms implemented during the country's own financial crisis in 2001.
According to the authorities, Turkey has recently been carrying out the successful economic policies and has set a commendable example not only for its region, but for the entire world.
Economists also predicted that economic activity would be better than expected in the final quarter of 2010.
Having a huge development potential, Turkey will be able to maintain its growth depending firstly on stability in both home and international markets.
Thanks to its strong and resilience structure, Turkey's economy posted 10.3% gross-domestic-product growth in the second quarter over the same period preceding year.
According to the forecast of the IMF, Turkey's economy may expand 7.8 percent this year, this might be more than double the pace of European other emerging markets.
The positive developments that are observed by the analysts, the country is shown as a much greater regional and global presence. By successful economic policies, Turkey is also shown a praiseworthy example not only for its region, but for the entire world.
According to Finance Minister Mehmet Şimşek, Turkey would be one of the unique European countries to achieve Maastricht criteria in terms of budget deficit which was foreseen in the budget program for the fiscal year of 2011.
When we take look at Turkey's future expectations in terms of economic projections, the country is planning to achieve a $2 trillion worth of economy, with per capita income up to $23,000, in addition having scheduled for a 500-billion dollars worth of exports per annum by 2023.
Turkey's economy has over recent years become more and more diversified.
The main sectors of Turkey's industries are textiles and clothing, in addition production of automotive and electronics industries are quickly gaining ground. Especially automotive sector is regarded as a rising star due to its state-of-the-art technology and exporting almost allover the world. Also the construction sector is another emerging star in the neighboring and surrounding countries.
In addition to the bad sides, there was also a positive side of the global crisis for the Turkish economy; inflation plunged by 5.9 pct in 2009, 34-year low.
Although having enjoyed good things in the economy, there is also something to be fulfilled and structural problems to be solved such as current-account deficit and trade deficit.
The government raised its forecast for this year's current-account deficit to $39.3 billion, or 5.4% of GDP, from $18 billion. This year's trade deficit is expected to be $65.8 billion.
In conclusion, while Turkey tries to maintain its positive developments, it also will exert to solve its two main problems, current account deficit and unemployment.
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29 Ekim 2010 Cuma
27 Eylül 2010 Pazartesi
Clock is ticking for MDGs
Poverty, starvation, diseases, basic human rights and rule of law are the common problem of many people across the world. These basic matters appear especially in the least-developed countries. Another basic issue is the lack of democratization in the least-developed countries.
Bad governance, strife and wars also constitute a great hindrance to access today's modern and humanitarian administration regimes.
As for education issue is another vital lack to solve their problems in a compromising situation.
Currently there are some 1 billion people who cannot find sufficient nutrition for their basic needs and also 2.4 billion cannot access to suitable sanitation. There are nearly 1 billion people cannot access the safety drinking water as well.
In solving all of these problems leadership has a critical role. A leader of a community and country's has a fundamental and accountable role to take its community and country to a safe and reliable condition. A great responsibility falls on the shoulders of leaders in guidance and management as well as cooperating with the civil society organizations to raise their societies' living standards.
The poor countries have been affected more by the global warming and climate change than the developed countries.
In the face of this inhuman table to solve this huge problem of the world, ten years ago, on 8 September 2000, world leaders came together to sign the Millennium Declaration in order to relieve millions of people.
The related resolution has been passed by the General Assembly of the UN on 14 December 2000 to guide its implementation.
Ten years ago, heads of state and governments undertook a serious commitment to fight extreme poverty and hunger and achieve substantial progress in development by 2015.
Five years later progress on implementation of the declaration had been reviewed at the 2005 World Summit of leaders. The summit evaluated the development successful by stating "it was no small feat." They seemed hopefully that the Millennium Development Goals are achievable.
Now the leaders gathered again on 20-22 Sept. to evaluate the period of 10 years of the targets. The leaders are promising to build a more prosperous, just and peaceful world.
The world has recorded impressive successes in reducing poverty, empowering women and increasing access to essential services like education, health care and clean water.
Even there is some anxiety to accomplish the goals.
The statements show that the reviews of MDG progress in various countries have revealed many successes, but also the need for urgent, focused action.
For example, the absence of enhanced efforts, many countries risk missing one or more of the targets by the deadline.
However, if the impediments causing slow or decelerating progress are known, these bottlenecks can be removed through the application of sound, evidence-based knowledge of what is likely to work.
According to the statement of the secretary general, many of the attendee countries have already committed to launch new initiatives. Others have pledged to do so in the near future.
After putting the entire key issues and ideas on the table, the UN emphasized jobs, especially green jobs, inclusive and sustainable development. Because of the environment and ecosystems in both the poor nations and the entire world are the one of the most important issues to solve poverty and hungry.
Achieving the MDGs is possible.
"We have the experience, the technology, the money and the plan to address the challenges systematically. What we need is the will to put it into action," the UN stressed.
Finally, the works which to be accomplished is much and time is diminishing and the problem is not solvable, the only thing is to be faithfully to fulfill the promises up to 2015.
Bad governance, strife and wars also constitute a great hindrance to access today's modern and humanitarian administration regimes.
As for education issue is another vital lack to solve their problems in a compromising situation.
Currently there are some 1 billion people who cannot find sufficient nutrition for their basic needs and also 2.4 billion cannot access to suitable sanitation. There are nearly 1 billion people cannot access the safety drinking water as well.
In solving all of these problems leadership has a critical role. A leader of a community and country's has a fundamental and accountable role to take its community and country to a safe and reliable condition. A great responsibility falls on the shoulders of leaders in guidance and management as well as cooperating with the civil society organizations to raise their societies' living standards.
The poor countries have been affected more by the global warming and climate change than the developed countries.
In the face of this inhuman table to solve this huge problem of the world, ten years ago, on 8 September 2000, world leaders came together to sign the Millennium Declaration in order to relieve millions of people.
The related resolution has been passed by the General Assembly of the UN on 14 December 2000 to guide its implementation.
Ten years ago, heads of state and governments undertook a serious commitment to fight extreme poverty and hunger and achieve substantial progress in development by 2015.
Five years later progress on implementation of the declaration had been reviewed at the 2005 World Summit of leaders. The summit evaluated the development successful by stating "it was no small feat." They seemed hopefully that the Millennium Development Goals are achievable.
Now the leaders gathered again on 20-22 Sept. to evaluate the period of 10 years of the targets. The leaders are promising to build a more prosperous, just and peaceful world.
The world has recorded impressive successes in reducing poverty, empowering women and increasing access to essential services like education, health care and clean water.
Even there is some anxiety to accomplish the goals.
The statements show that the reviews of MDG progress in various countries have revealed many successes, but also the need for urgent, focused action.
For example, the absence of enhanced efforts, many countries risk missing one or more of the targets by the deadline.
However, if the impediments causing slow or decelerating progress are known, these bottlenecks can be removed through the application of sound, evidence-based knowledge of what is likely to work.
According to the statement of the secretary general, many of the attendee countries have already committed to launch new initiatives. Others have pledged to do so in the near future.
After putting the entire key issues and ideas on the table, the UN emphasized jobs, especially green jobs, inclusive and sustainable development. Because of the environment and ecosystems in both the poor nations and the entire world are the one of the most important issues to solve poverty and hungry.
Achieving the MDGs is possible.
"We have the experience, the technology, the money and the plan to address the challenges systematically. What we need is the will to put it into action," the UN stressed.
Finally, the works which to be accomplished is much and time is diminishing and the problem is not solvable, the only thing is to be faithfully to fulfill the promises up to 2015.
26 Ağustos 2010 Perşembe
First decade of 21st century in Turkish economy
Prosperity and development are the basic elements of many countries in order to enable their people to enjoy fundamental rights and opportunities. Despite many international organizations via their finance and know-how to enable and encourage nations to realize their developments, there are lots of countries which had not achieved in this issue across the world. So the rules of development involve mainly the related nation’s exclusive efforts, good governance, skilled and well educated staff through a democratic regime.
In recent years, Turkey’s economy has recorded outstanding developments. In this advancement, current government’s policy has played a significant function. Removing some barriers and taboos one by one that remained in front of the country’s improvement, the administration has achieved noteworthy advancements.
In this progress, while strict economic rules have played outstanding role, also coming into the power as a single political party is an important function.
Since the government has come to the office, it has made radical changes almost in every aspect. Almost Turkey has been enjoying a breeze of change in many areas ranging from economy to foreign policy and lawful regulations. In addition, acting determinatively and faithfully has catalyzed to realize the reforms.
Letting potential investment areas get into activity, Turkish economy has been enjoying pleasant progresses. Foreign investors have been assured in order to inflow their foreign direct investment higher than ever before to Turkey in the first decade of 2000s.
In this process, interest and inflation rates, which had been in the double digits for long years, have plunged from the double digit to single digit. Exports have folded nearly three times from $36 billion to over $110.
Thanks to its zero problem policy with its neighboring and surrounding countries, Turkey's trade has also showed a development.
Activating its idle potential Turkey has expanded its GDP from $230 billion to $730 within 6 years. While per capita income was $3 thousand in 2002, this figure raised by $10 thousand in 2008. Regarding the global economic crisis reducing by $8 thousand 500, it is expected per capita income will reach by $10 thousand in 2010. Ridding of the global crisis successfully earlier than other countries without any important loss, Turkey is shown as an example to the world due to its successful and stable economic development.
Meanwhile Turkey’s harmonization process with the European Union has enabled the country to take steps in the democratic and economic areas.
In the past suffering from a series of coalition governments with weak economic policies, Turkish economy experienced a deep economic downturn (GNP fell 9.5% in 2001) and an increase in unemployment, according to the source.
Following recovery program, Turkey's economy grew an average of 6.0% per year from 2002 to 2007; it is shown one of the highest sustained rates of growth in the world. As well as inflation and interest rates fell significantly, the currency stabilized, and government debt declined to more supportable levels (39.5% of GDP in 2008).
However, booming economic growth contributed to a growing current account deficit (-5.6% of GDP or $41.6 billion in 2008).
Due to the global economic slowdown and reduced exports, growth was 1.1% in 2008 and the economy contracted by 4.7% in 2009. Having recovered quickly in the last quarter of 2009, in the first quarter of 2010 growth became 11.7 percent. This indicates that this year’s growth would be 6.5 percent.
Finally, in the first decade of 2000s apart from the first two years, Turkey has seen a remarkable progress. Turkey has also built a solid base for the next decade in its development. If the single party can maintain its ability with this determination and enthusiasm, Turkey’s economy would achieve to enter first 10 economies of the world.
In recent years, Turkey’s economy has recorded outstanding developments. In this advancement, current government’s policy has played a significant function. Removing some barriers and taboos one by one that remained in front of the country’s improvement, the administration has achieved noteworthy advancements.
In this progress, while strict economic rules have played outstanding role, also coming into the power as a single political party is an important function.
Since the government has come to the office, it has made radical changes almost in every aspect. Almost Turkey has been enjoying a breeze of change in many areas ranging from economy to foreign policy and lawful regulations. In addition, acting determinatively and faithfully has catalyzed to realize the reforms.
Letting potential investment areas get into activity, Turkish economy has been enjoying pleasant progresses. Foreign investors have been assured in order to inflow their foreign direct investment higher than ever before to Turkey in the first decade of 2000s.
In this process, interest and inflation rates, which had been in the double digits for long years, have plunged from the double digit to single digit. Exports have folded nearly three times from $36 billion to over $110.
Thanks to its zero problem policy with its neighboring and surrounding countries, Turkey's trade has also showed a development.
Activating its idle potential Turkey has expanded its GDP from $230 billion to $730 within 6 years. While per capita income was $3 thousand in 2002, this figure raised by $10 thousand in 2008. Regarding the global economic crisis reducing by $8 thousand 500, it is expected per capita income will reach by $10 thousand in 2010. Ridding of the global crisis successfully earlier than other countries without any important loss, Turkey is shown as an example to the world due to its successful and stable economic development.
Meanwhile Turkey’s harmonization process with the European Union has enabled the country to take steps in the democratic and economic areas.
In the past suffering from a series of coalition governments with weak economic policies, Turkish economy experienced a deep economic downturn (GNP fell 9.5% in 2001) and an increase in unemployment, according to the source.
Following recovery program, Turkey's economy grew an average of 6.0% per year from 2002 to 2007; it is shown one of the highest sustained rates of growth in the world. As well as inflation and interest rates fell significantly, the currency stabilized, and government debt declined to more supportable levels (39.5% of GDP in 2008).
However, booming economic growth contributed to a growing current account deficit (-5.6% of GDP or $41.6 billion in 2008).
Due to the global economic slowdown and reduced exports, growth was 1.1% in 2008 and the economy contracted by 4.7% in 2009. Having recovered quickly in the last quarter of 2009, in the first quarter of 2010 growth became 11.7 percent. This indicates that this year’s growth would be 6.5 percent.
Finally, in the first decade of 2000s apart from the first two years, Turkey has seen a remarkable progress. Turkey has also built a solid base for the next decade in its development. If the single party can maintain its ability with this determination and enthusiasm, Turkey’s economy would achieve to enter first 10 economies of the world.
17 Ağustos 2010 Salı
Green Economic Development
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| A village at Akyazı, Turkey - 2009 |
Today's world has been experiencing a change ranging from economy, politics, environment and climate. As the result of these changes, the current conjuncture urges human beings to get adaptation and restructuring for the new conditions.
In the 20th century, the developed countries of the world have achieved their civilizations based on the fossil fuels, such as coal, petroleum and natural gas without taking into consideration the said black energy resources' undeterred bad results to the environment. Most of the developed foremost countries of the world have benefited from the fossil resources in their developing process to date. In other words, they have mostly built up their economies by using black colored energy resources. So it was called black economic model due to making development based on the fossil resources to get energy. From now on, the world has come to a phase that cannot endure such kind of development model. Because of such kind of development model has been exhausting the fundamental resources which are the indispensable for human and other living creatures to survive. Meanwhile still there are many countries that could not complete their development process.
Although they have not completed their development by using the elements of the black energy resources, they have been affected two folds from the negative effects of the black economic development model compared to the developed countries. Namely the poor nations suffer from the negative effects of the bad results of the black economy model such as global worming, climate change, drought and flood.
What is the solution to get rid of the black economic model?
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