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Essay / Research Paper Abstract
This 3 page paper discusses recent developments in the Turkish high-tech sector. Bibliography lists 4 sources
Page Count:
3 pages (~225 words per page)
File: D0_HVHiTurk.rtf
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Unformatted sample text from the term paper:
"continuous modernization," which appears to be particularly effective in the high tech sector. Turkeys economy is now described as "dynamic" and "a complex mix of modern industry and commerce along
with a traditional agriculture sector that in 2004 still accounted for more than 34% of employment" (Turkey, 2006). While the private sector is strong and rapidly grown, the government
"still plays a major role in basic industry, banking, transport, and communication" (Turkey). Clothing and textiles provide employment for one-third of all industrial employees and is the largest industrial sector
(Turkey, 2006). Other sectors are rising in importance, in particular the automotive and electronics industries, which are becoming extremely important to the Turkish export picture (Turkey, 2006). Turkey
is also experiencing significant growth: GNP "has exceeded 6% in many years," though there was a decline in 2001 (Turkey, 2006). However, the economy "is turning around with the implementation
of economic reforms, and 2004 GDP growth reached 9%. Inflation fell to 7.7% in 2005 - a 30-year low" (Turkey, 2006). These figures are impressive; and things were even better
in 2002-05, which saw "strong economic gains" (Turkey, 2006). The economy still suffers from "a high current account deficit and high debt," which may help explain why foreign investment in
Turkey has been relatively low, averaging "less than $1 billion annually" prior to 2005 (Turkey, 2006). Since then, however, economic and judicial reforms, coupled with "prospective EU membership" have led
to expectations that foreign direct investment will increase dramatically (Turkey, 2006). In addition, "[P]rivatization sales are currently approaching $21 billion" (Turkey, 2006). Another source has further figures that indicate the
continuing growth that Turkey currently enjoys: "The general growth rate for 2004 ... was 10 percent, making Turkey number two after China. In 2005 the national gross production is expected
...