Turkey's Economy

Term Paper # 101193

Economics > Inflation
Economics > Macro

Turkey's Economy

An overview of Turkey's budget deficit from 1980 and its growth outlook, as well as its current economic situation.

1,228 words () | 4 sources | MLA | 2008 United States

Paper Summary:

This paper provides an overview of the Turkish economy from the 1980s to the present day. It looks at Turkey's budget deficit over the years from 1980, inflation in the country and its growth outlook. It then discusses Turkey's purchasing power parity (PPP). The paper then focuses on the economic situation in Turkey from 2007 and provides expansion plans for the economy of the country.

Table of Contents:
Inflation
1980s and Later
Budget Deficit
Inflation and Growth Outlook
Purchasing Power Parity
PPP and the Exchange Rate
2007 and Beyond
Short-term Interest Rates
Interest Rate Spreads
Interest Rate Projections
Turkish Expansion Plans

From the Paper:

"While the Turkish economy is still fragile and highly susceptible to external shocks, it is just as clear that the government has done a remarkable job in gaining control of the economy. The short-term interest rate is at historically low levels and the Turkish Lira is trading strongly on the foreign exchange markets. Inflation too is relatively low for the market and GDP is on a growth trend. The greatest risk to market entry is actually not from internal economic instability but rather from the external geo-political climate in the region. The company should pursue market entry into Turkey but needs a well thought out exits strategy integrated into the project plan."

Sample of Sources Used:

Carkoglu, Ali and Barry Rubin, eds. 2003. Turkey and the European Union: Domestic Politics, Economic Integration, and International Dynamics. London: Frank Cass.
Turkey. 2006. World Fact Book, CIA (online). http:www.cia.gov
Lovatt, Debbie, ed. 2001. Turkey since 1970: Politics, Economics and Society. New York: Palgrave.
Melvin, Michael. 2003. International Money and Finance (7th Ed.). Addison Wesley Publishing; New York.