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Essay / Research Paper Abstract
A 15 page paper discussing the cost of doing business in Turkey, its amazing economic performance despite an economic collapse in 2002, the role of FDI and the role of the Istanbul Stock Exchange in keeping investors' attention. With growth progressing so well and the government remaining committed to building the economy despite internal issues, Turkey's economic growth can be expected to continue. The ISE continues to provide an avenue by which foreign investors maintain focus on the nation and assists in preventing Turkey from being overlooked as globalization all too often means intense attention on Asia. Now being considered for entrance into the EU, the cost of doing business in Turkey is likely to decline until growth puts pressure on wages. Bibliography lists 15 sources.
Page Count:
15 pages (~225 words per page)
File: CC6_KSeconTurkeyBiz.rtf
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Unformatted sample text from the term paper:
Nuri Artok, president of Istanbul Ready-To-Wear and Apparel Exporters Association, said in 2002 that many Turkish entrepreneurs operated in "Bulgaria, Moldavia and in Romania because of the cost
structure" (The Customer Knows, 2002). Mr. Artok says to all developed nations seeking to invest abroad and to purchase goods made in other countries that Turkey is an attractive
destination, despite its recent economic problems and corporate cost structures that many smaller companies find prohibitive. As globalization increases and as Turkey increasingly is a target, fixed costs can
be expected to decline. Variable costs should decline as well, until the labor market tightens up and begins to place wage pressures on labor resources. In-Place Foreign Direct Investment
As of June 2003, "there are 6,511 foreign firms invested and are operating in Turkey. The Turkish government has provided permits for foreign
capital since 1980 amounting to USD 35.2 billion, and aggregate actual inflows reached USD 16.4 billion" (Doing Business In Turkey: A Country Commercial Guide for U.S. Companies, 2005). EU
countries account for "74.3 percent of authorized new foreign investment, OECD countries accounted for 93.7 percent, and Islamic countries for 3.7 percent" (Doing Business In Turkey: A Country Commercial Guide
for U.S. Companies, 2005). Foreign Direct Investment (FDI) can assist in decreasing operating costs as competition increases and as smaller support businesses form
to serve the needs of the large ones funded by FDI. Fully 97 percent of all FDI present in Turkey has been placed in manufacturing and services, the sectors
that can benefit most from altered cost structures. Table 1. Sectoral Breakdown of FDI Permits (1980-2003) (million USD) Sector Cumulative Value Share (percent) Manufacturing 18,641 53.0
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