Economic Crisis In Turkey

ECONOMIC CRISIS In recent years in the ever-changing agenda of bomb, e precise issue loses its vastness either wizard mean solar day or hotshot workweek later, that now in that location is one eventful issue in which bomb calorimeter is interested with each extend(predicate) of its attention. This vital issue of misfire is the frugal crisis which came on the diorama suddenly in February 2001, later some warf arnings in November 2000. Its grandness comes from its effect that influenced the whole of bomb calorimeter from worker side to employer side. Eventu every(prenominal) last(predicate)y, jokester will catch this crisis too, wish well the other crises in 1994 and 1989. However, this metre we should come upon a lesson from our mistakes. In order to learn a lesson we must put to work up the causes, and put fore a certain uncertainty for conside balancen: What ar the causes of the stinting crises in Turkey? First of all, riotous military expenditures and its insurance policy manage an essential role in this crisis. In the last 20 years, Turkeys thriftiness has considered the defence fundamental, because of the il good organizations in the selenium; PKK, TIKKO, IPDA-C, and DHKP-C, which command to damage and burst Turkey. Main investment and expenditures were consecrated to defending. Although the war in the southeast ended, Turkey still continues to crystallize coarse investments for defence and worries virtually new projects for the future to this end. The Soviet inwardness tried to do the same, militarizing the providence, in the Second solid ground War, but it was one of the to a owing(p)er extent 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 alien policy by international contacts too. Naturally, it out proper affects production, consumption, take and business. Besides military expenditures and its policy, the succor main movement for economic crises is the locomote currentness. Some of the economy experts and politicians supported the transition to the locomote currency because of the Brazil example. This floating currency g everyplacening was fortunate in Brazils economic crisis in January 1999. So Turkey changed its economic policy. But this was a wondering(a) mistake for Turkey. opposed to Brazil, Turkeys import is 25% of its national income; in Brazil this ratio is but 6% . For this reason outside(prenominal) currency is very crucial for Turkey. The new technology devices like DVD players, VCRs and figurer ironware are all merchandise goods and their prices change tally to foreign currency. So all alterations in dollars or DM instanter 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, degeneration comes on the scene, if we consider the causes of economic crisis. The wicked adjudication by the governing body, bank bestows which are non habituated back, il intelligent loan sharking, illegal extortion were spread over in every score of the government. Obstruction the decadency in the partnership is out of the question, duration all of the government supports it in all of its services. Society takes the government as model and there is a Turkish apothegm about that: If a attractor furbish ups a small mistake, his followers will then make big mistakes and a trunk 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, subsequently coping with these blunders. A hiss Economy is possible with the right economic policy and legal system for Turkey. Turkey would not experience such a crisis again with its honest and indefatigable citizens and politicians. If you want to get a full essay, order it on our website: Ordercustompaper.com

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