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The following article was published in our article directory on December 16, 2010.
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The Rise of Turkish No Doubt Become World Economy New Star

Article Category: Business

Author Name: xia zihui

Not long ago I attended a meeting to create the "BRIC" O'Neal said Goldman Sachs economist concept, and now everyone is asking him about the Greek economy, he will be very surprised replied: how do you then concerned about Greece, why not take a look next to Turkey, Turkey is much more important than Greece!

O'Neill is pretending to ridicule it? Wrong, he has been acutely aware of the fact, inherited the mantle of the Ottoman Empire, Turkey is once again rising, and this geo-economic and political impact, indeed non-Greek, etc. can not match.

Closer look at Turkey as long as recent economic data, you can clearly see the rising trajectory: the first half of this year, Greece and other European countries battered debt problems, but Turkey is've got a great first quarter, economic growth reached 11.7% in the second quarter reached 10.3 percent. That the Swiss "New Zurich newspaper" amazed that "Turkey's economy to continue to grow almost brakes", and the country's current economic growth is the only mainland China, Singapore, Taiwan, the emerging industrial countries and regions in the star ever had.

There is no doubt that Turkey is becoming a new world economic star. In the financial sector, the Turkish banking system after the 2001 crisis have been rejuvenated in 2008, the global financial crisis, there is no need of government assistance of a bank; in trade, Turkey has become a new consumer goods manufacturing base in United States, and even in China, can now be found in many products from Turkey, Turkey's washing machine brands such as Beko.

Turkey's growth potential is even more glaring. Currently, services account for 60% of Turkish GDP, which means that the Turkish economy is a typical domestic demand-driven; In addition, young population of Turkey is much higher than in Europe, this follow-up development in the country provided the impetus; In addition, the Turkish business environment is very Well, according to the World Bank, the world business environment survey, a company founded in Turkey, takes 6 days, and the OECD in this regard to be time-consuming for 13 days.

To the total GDP of view, regardless of IM F data and World Bank data, but also whether it is in accordance with the exchange rates and purchasing power parity terms, GDP in Turkey, although still not keep up with the seven western countries and China, India, Brazil and other major emerging economies But Turkey already over Indonesia and become the strongest economic strength of the Islamic countries; in the Middle East, its economic strength is more second to none, is the real "in the Middle East country."

Turkey to be very impressive, but also to the international academic community began to look at the original "BRIC" limitations, so whether it is proposed emerging economies "civet six countries", or "Diamond 11 countries", which are Turkey.

In the 19th century, the overall decline of the Eastern world, the world has two "sick man" empire. One of them is the Russian Tsar Nicholas I to be known as the "sick man of Europe" in Turkey. History has become in the past, the reality is clear the future. After 30 years of development, China has become the world's second largest economy, and innovation over the past decade also contributed to the rapid rise in Turkey.

As a rather insulting to Turks fact is that in the past decade, the EU door to Turkey many times and not into the buckle, but I always thought that, if the current trend to continue, and perhaps someday, the initiative to ask the European Union Turkey's EU membership, because then the Europeans, they must also rely on Turkey rather than the opposite.

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