The Status of Foreign Trades Under Globalization in Developing and Developed Countries With Turkey

The Status of Foreign Trades Under Globalization in Developing and Developed Countries With Turkey

Nurullah Güleç, Cihat Öztürk, Deniz Efendioğlu
Copyright: © 2018 |Pages: 35
DOI: 10.4018/978-1-5225-4032-8.ch008
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Abstract

In Turkey, the volume of foreign trade, which was very small in the first years of the republic, raised due to the increasing population and the reviving economy. Imports and exports for Turkey, the proportion of equipment, investment goods, and raw materials that would have been used for industrialization has increased. Another type of trade that is desired to be implemented in Turkey in recent years is free trade. The implementations for free trade also bring the question together with themselves. Does globalization always affect developing countries in a positive correlation with their economies? The data taken from KOF Index of Globalization from ETH Zurich are going to be used to see the relationship with the data coming from imports and exports. Then for all developing countries a classification study is done and the relation of developing countries and Turkey is examined. The purpose of the chapter is to examine the number of imports and exports due to globalization indexes to understand the real impact and the direction of globalization from the perspective of Turkey.
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Globalization In Turkey, Developing Countries, And Developed Countries

While globalization is not a new concept, it does possess characteristics that are distinctively contemporary. This concept can be described in different ways. As per one definition, globalization refers to the process by which the world becomes a fully integrated market (Saylan & Kansu, 1997).

Globalization is a concept that involves other issues, such as the development of economic, social, and political relations between countries, recognition of the beliefs and expectations of different societies and cultures, and more frequent international relations. Globalization creates a complex environment and entails conflicts between most field sand disciplines. As a result of globalization, people are more interconnected than ever before (Oman, 1994).

Several political, cultural, technological, and economic factors (McBurnie, 2002) have led to the emergence of globalization. Given the diversity of the factors, it is almost impossible for one to shield himself/herself from the effects of globalization (Karlsen, 2002).

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