Globalization in Turkey: Post #1

Globalization in Turkey

In general, many agree that globalization has many merits and benefits, both short-term and long-term. As a result of capitalism and free-market economies, globalization can distribute wealth more evenly among classes whose disparities in income and quality of life are so much more marked in countries that we think of as less developed or less capitalistic. Proponents of globalization also argue that it leads to widespread modernization in both urban and more rural areas and leads to more trade and growth in technology within the countries that are affected by it.

Turkey is situated between Europe and Asia. 

During the 1980s’s in Turkey, a set of principles called the “Washington Consensus” was introduced in Turkey for the purpose of development.[1] This helped decrease Turkey’s dependence on borrowing from Germany, thought it did lead to an economic crisis by 1994. Overall, trade liberalization and freedom within Turkish economic policies has been undoubtedly beneficial to the country of Turkey.

Turkish business bought out by TNC’s (trans-national corporation) results in a loss of Turkish culture in local business. The family owned businesses over generations began to favor a corporate model, this allowed larger international corporations to buy the family owned business around 1980, and this trend is continuing into current day turkey. Even the state owned businesses have been bought out by corporations like Shell. But a few Turkish cities, like Bazaar, are trying to keep the local markets and family business alive.

Open air markets are a precious part of Turkish culture. 

Works Cited

Gazi, Ercel. "Globalization and the Turkish Economy." Www.vanderbilt.edu. November 1, 2006. Accessed September 9, 2014. http://www.vanderbilt.edu/econ/conference/gped-conference-06/papers/ercel.pdf.

Timucin, Yalcinkaya. "Is Turkish Capitalism Consistent with Capitalist Globalization?" Http://mams.rmit.edu.au/8kby2fflwrvv1.pdf.

Figures

Figure 1: Turkey is situated between Europe and Asia. Illustration. http://www.marineinsight.com/wp-content/uploads/2011/08/Black-Sea-map.gif, August 29, 2011.

Figure 2: Open air markets are a precious part of Turkish culture. Photograph. http://britto9192.files.wordpress.com/2008/09/turkey-3-102.jpg?w=500&h=333, September 7, 2008.

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[1] Gazi, Ercel. "Globalization and the Turkish Economy." Page 4.