Discussion 5-1

  

Economic Data: 

  

Interest Rates 

7.5%

 

Unemployment (Central   Intelligence Agency, 2015) 

9.4% (2014)

 

Inflation (Central   Intelligence Agency, 2015) 

8.9% (2014)

 

GDP real growth rate (Central Intelligence Agency, 2015) 

2.9% (2014)

 

Exchange Rates (Central Intelligence Agency, 2015) 

1 Turkish lira = $ .37 USD

 

Exchange Rate Regime (International Trade Centre, 2015)  

Floating

 

GDP (Central Intelligence Agency, 2015) 

813.3-billion (2014)

 

Labor Force (Central Intelligence Agency, 2015) 

27.56-million

 

Major Industries (Central Intelligence Agency, 2015) 

Textiles, food processing, automobiles, electronics, mining, steel,   petroleum, construction, lumber, paper

 

FDI Rates (International Trade Centre, 2015) 

10,002.0-million (Inflow as of 2012)

Physical Infrastructure: 

  

Major Airports/Seaports

Seaports with container liner   service (World Port Source, 2015): Akdeniz, Ambarli, Derince, Gemlik,   Haydarpasa, Istanbul, Izmir, Mersin 

Airports (World Aero Data, 2015): Adnan Menderes, Akinci, Ataturk,   Dalaman, EFES, ERHAC, Erkilet, Esenboga, Guvercinlink

 

Railway Stations (Government websites)

Illustration below 

 

Internet Users (Central Intelligence Agency, 2015)

27.233-million (2009)

 

Mobile Providers (txtNation, 2015)

Turkcell, Vodafone Turkey, Avea 

 

Logistics Performance Index Rating (The World Bank, 2015) 

30

Business Observations: 

· Shipping and distribution should be made easy with the access to numerous port cities, airports, and railways states. 

· The LPI rating for Turkey is slightly less than that in the United States and Germany, indicating some question of reliability, but nothing of major concern. While infrastructure and customs performed lower, shipments were very reliable. The infrastructure and logistics support frequent shipments and trade (The World Bank, 2015) 

· Foreign investment into Turkey is strong, but unemployment and inflation rates are high compared to the United States. The exchange rate is appealing if looking to import from Turkey. 

· The exchange rate regime in Turkey has changed several times in recent years. The current regime is more liberal in nature (Yased, 2015). The exchange rate in Turkey is still monitored and intervention is applied if necessary. 

· If a dip in the value of the lira occurs compared to the U.S. dollar, demand for U.S. imports will decrease. In the same scenario, a dip in the value of the lira compared to the U.S. dollar, demand for Turkish exports will increase. 

· Based on the existing industries, clothing manufacturing might be a possible investment area due to the strength of textile manufacturing. There would also be easy access to Europe and parts of Asia. 

References 

Central Intelligence Agency. (2015). The world factbook: Turkey. Retrieved from 

https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html 

International Trade Centre. (2015). Investment map. Retrieved from 

http://www.investmentmap.org/prioritySector.aspx?selCtry=TUR&selInds=&selOpt=inward&selYear 

Seat61.com. (2015). A beginner’s guide to train travel in Turkey. Retrieved from 

http://www.seat61.com/Turkey2.htm#.VZMBdvlVhBc 

The World Bank. (2015). Logistics performance index: Global rankings 2014. Retrieved from 

http://lpi.worldbank.org/international/global 

txtNation. (2015). All countries – List of mobile operators by country (slow loading). Retrieved from 

https://clients.txtnation.com/entries/301118-All-Countries-List-Of-Mobile-Operators-By-Country-slow-loading 

World Aero Data. (2015). Airports in Turkey. Retrieved from http://www.worldaerodata.com/countries/Turkey.php 

World Port Source. (2015). Turkey: Port index. Retrieved from http://www.worldportsource.com/ports/index/TUR.php 

Yased. (2015). Exchange rate regime. Retrieved from 

http://www.yased.org.tr/webportal/English/yoic/Business/Pages/ExchangeRateRegime.aspx 

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