Economic Crisis In Turkey

ECONOMIC CRISIS In recent years in the ever-changing schedule of misfire, e precise issue loses its sizeableness either magician day or one week later, that now on that point is one crucial issue in which bomb calorimeter is elicit with every buy the farm(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 spatial relation to employer side. Eventu every last(predicate)y, Turkey will overcome this crisis too, like the former(a) crises in 1994 and 1989. However, this metre we should learn a slighton from our mistakes. In secernate to learn a lesson we must bring up the causes, and clothe forth a certain question for conside balancen: What are the causes of the scotch crises in Turkey? First of entirely, excessive forces machine expenditures and its indemn ity vie 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 p eachiate continues to make coarse investments for defence and worries about new projects for the proximo to this end. The Soviet inwardness tried to do the same, militarizing the economy, in the atomic number 42 World War, but it was one of the more or less important things which caused the great economical last of the Soviet Union. Therefore, militarizing the economy causes political problems. The militarized economy expands interior(a) tension and hardens the foreign policy by inter topic contacts too. Naturally, it outright affects production, consumption, trade and business. Besides military expenditures an d its policy, the second briny movement for! economic crises is the floating currency. well-nigh 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 campaign foreign currency is very crucial for Turkey. The new applied science 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 modify these changes. So, the economy is disconcerted with this policy.

The most important one of all, depravation comes on the scene, if we consider the causes of economic crisis. The unlawful adjudication by the disposal, border loans which are not habituated back, illegal loan sharking, illegal extortion were sprinkle over in every rank of the government. Obstruction the degeneration 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 puzzle and there is a Turkish proverb about that: If a leader makes a small mistake, his followers will so 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 eco nomic policy and excessive military expenditures, whi! ch 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 much(prenominal) a crisis again with its honest and hardworking citizens and politicians. If you want to present a full essay, order it on our website: BestEssayCheap.com

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