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Research on Business

Edited By Hasan Arslan, Mehmet Ali Içbay, Rasim Yılmaz and Günther Löschnigg

This book presents a collection of papers written by researchers, teachers, administrators, analysts and graduate students working and doing research in the field of social sciences. The scientific studies include a wide range of topics from the analysis of social science textbooks to the teacher image in newspapers, the relationship between self-efficacy and cognitive level and the role of organizational silence on the loneliness of academics in work life.

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Overview of the World Economy: The Case of Turkey, Expectations and Possibilities


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Özge Erdölek Kozal* & R. Funda Barbaros**

Overview of the World Economy: The Case of Turkey, Expectations, and Possibilities

Abstract Recent studies showed that after the 2008 global economic crisis, the world economy will reorganise and making national and regional policies will become harder in the near future. As well, there will be a major shift towards specialisation which will change the distribution of added value in the whole world. In this work, we discuss the changing position of the Turkish economy in a changing/shifting world with a multidimensional perspective by using basic macroeconomic indicators. This analysis is applied to the Turkish economy for the 2002–2013 period and the analysis is divided to two sub-periods which are 2002–2007 and 2008–2013.

Compared to other OECD countries, some key indicators of Turkey (i.e. GDP per capita growth, inflation rate) are drawing a positive picture. On the other hand, some other indicators (i.e. current account deficit, import dependency of export, and political uncertainty) demonstrate a negative picture and show the necessity for some new and reformist policy tools. Unless Turkey pursues radical policy changes, it will encounter the risk of isolation due to the changing structure of the global economy.

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