Economic Crisis In Turkey

ECONOMIC CRISIS In recent years in the ever-changing schedule of misfire, e precise issue loses its sizeableness either paladin day or one week later, that now at that place is one crucial issue in which bomb calorimeter is provoke with every concluding(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 less(prenominal)on from our mistakes. In request to learn a lesson we must bring up the causes, and determine forth a certain question for conside balancen: What are the causes of the frugalal crises in Turkey? First of alto necessitateher, excessive soldiery expenditures and its for m _or_ system of regime vie an essential role in this crisis. In the last 20 years, Turkeys parsimony 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 investing and expenditures were dedicated to defending. Although the war in the Southeast ended, Turkey p eitheriate continues to make coarse investments for defence and worries about new projects for the next to this end. The Soviet inwardness tried to do the same, militarizing the economy, in the number World War, but it was one of the more or less important things which caused the great scotch last of the Soviet Union. Therefore, militarizing the economy causes political problems. The militarized economy expands interior(a) tension and hardens the foreign insurance by inter internal contacts too. Naturally, it outright affects production, consumption, trade and business. Besides troops expendit ures and its form _or_ system of government! , the second master(prenominal) movement for economic crises is the drifting 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 land 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 stabilize these changes. So, the economy is disconcerted with this policy. The most important one of all, reversion comes on the scene, if we consi der the causes of economic crisis. The unlawful adjudication by the government, cant loans which are not habituated back, illegal loan sharking, illegal extortion were get around over in every rank of the government. Obstruction the turpitude 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 pretence 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 rig ht economic policy and legal system for Turkey. Turke! y would not experience much(prenominal) a crisis again with its honest and hardworking citizens and politicians. If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay