TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT

Turkey now is a regional leader due to economic success story of the past decade, changes in the economy's structure and dynamic. Since 1980th foreign trade has become the main driver of the economic growth. Due to liberalization policy Turkey was able to overcome the system crisis. The negativ...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	N. R. Masumova
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2016
Materias:	turkey russia foreign trade exports imports trade turnover gas pipeline oil International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/770e62c0c7ae40c190d5aa99a0b87d97
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:770e62c0c7ae40c190d5aa99a0b87d97
record_format	dspace
spelling	oai:doaj.org-article:770e62c0c7ae40c190d5aa99a0b87d972021-11-23T14:51:01ZTURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT2071-81602541-909910.24833/2071-8160-2016-2-47-111-117https://doaj.org/article/770e62c0c7ae40c190d5aa99a0b87d972016-04-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/516https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Turkey now is a regional leader due to economic success story of the past decade, changes in the economy's structure and dynamic. Since 1980th foreign trade has become the main driver of the economic growth. Due to liberalization policy Turkey was able to overcome the system crisis. The negative economic trends had contributed to the political instability. That's why it will be interesting to highlight some aspects of Turkish foreign trade policy, which influence the value, geographical and product orientation of foreign trade. Negative balance of trade is the result of its oil import dependence. But the export of goods with more value added has the trend to growth - 30% of exports come to machineries and transport equipments. After the collapse of the USSR Turkish-Russian economic relationship was facing revival. Trade and investment cooperation was developing rapidly. But the conflict of interest during the war in Syria led to growing differences between Russia and Turkey. 24th of November 2015 became a turning point for the Russian-Turkish relations, when Turkish fighter jet F-16 shot down a Russian military jet along the Syrian border. This tragedy had serious consequences for the bilateral economic relations. Huge investment pipeline project "Turkish stream" is freezed, the work of intergovernmental authorities is stopped, certain agricultural goods originated from Turkey is banned to the territory of the Russian Federation. Russia also suspended the visa-free regime for Turkish citizens, all charter flights to Turkey are prohibited. Nevertheless economic sanctions inevitable affect both the Turkish and Russian economies, but Russia is still one of the main partners of Turkey.N. R. MasumovaMGIMO University Pressarticleturkeyrussiaforeign tradeexportsimportstrade turnovergas pipelineoilInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(47), Pp 111-117 (2016)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	turkey russia foreign trade exports imports trade turnover gas pipeline oil International relations JZ2-6530
spellingShingle	turkey russia foreign trade exports imports trade turnover gas pipeline oil International relations JZ2-6530 N. R. Masumova TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT
description	Turkey now is a regional leader due to economic success story of the past decade, changes in the economy's structure and dynamic. Since 1980th foreign trade has become the main driver of the economic growth. Due to liberalization policy Turkey was able to overcome the system crisis. The negative economic trends had contributed to the political instability. That's why it will be interesting to highlight some aspects of Turkish foreign trade policy, which influence the value, geographical and product orientation of foreign trade. Negative balance of trade is the result of its oil import dependence. But the export of goods with more value added has the trend to growth - 30% of exports come to machineries and transport equipments. After the collapse of the USSR Turkish-Russian economic relationship was facing revival. Trade and investment cooperation was developing rapidly. But the conflict of interest during the war in Syria led to growing differences between Russia and Turkey. 24th of November 2015 became a turning point for the Russian-Turkish relations, when Turkish fighter jet F-16 shot down a Russian military jet along the Syrian border. This tragedy had serious consequences for the bilateral economic relations. Huge investment pipeline project "Turkish stream" is freezed, the work of intergovernmental authorities is stopped, certain agricultural goods originated from Turkey is banned to the territory of the Russian Federation. Russia also suspended the visa-free regime for Turkish citizens, all charter flights to Turkey are prohibited. Nevertheless economic sanctions inevitable affect both the Turkish and Russian economies, but Russia is still one of the main partners of Turkey.
format	article
author	N. R. Masumova
author_facet	N. R. Masumova
author_sort	N. R. Masumova
title	TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT
title_short	TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT
title_full	TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT
title_fullStr	TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT
title_full_unstemmed	TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT
title_sort	turkey’s foreign trade as a driver of economic development
publisher	MGIMO University Press
publishDate	2016
url	https://doaj.org/article/770e62c0c7ae40c190d5aa99a0b87d97
work_keys_str_mv	AT nrmasumova turkeysforeigntradeasadriverofeconomicdevelopment
_version_	1718416287327059968

TURKEY’S FOREIGN TRADE AS A DRIVER OF ECONOMIC DEVELOPMENT

Ejemplares similares