Date Country’s Analysis of Turkey I. Country Overview The economic system in the republic of Turkey can be classified as either capitalist or communist. This is solely dependant on the how the country’s system of economy is managed…
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This includes lucrative companies and banking sector, this explains the socialist part of the economy. In one word reference to the Turkish economy one can refer to it as a socialist economy or a mixed one. The Turkish government employed the pursuance of etatism as a way of connecting capitalism and socialism (Kinzer 142). The government identifies some of the critical businesses to be left in the hand of private owner and venture into them as the service or products providers. Considering that turkey is developed or undeveloped may be very complex, this is because the country is divided into two in terms of development. Therefore making reference to the whole country might no be accurate. The western part of the country is ten folds as developed as south eastern part of the country which is dominated by the Kurds. Despite of all these, one can still refer to Turkey as a special developing country. In terms of the economy, the Turkish economy according to IMF is an emerging market due to the rapid opportunities that blossoms in the economy with the private sector rapidly developing. The country’s GDP is $1.116 Trillion by 2010; this comes with a whooping GDP growth rate of +9.0% in the same year (OI?nisI, Ziya, and Barry 133). The country’ GDP per capita was in the same year $10,106 (nominal) and 15,340 being ppp. Inflation in the country is % 10.43 (OI?nisI, Ziya, and Barry 144). ...
s in the country are clearly separated with council of the ministers exercising the executive powers and the Grand National Assembly of Turkey is vested with enactment of legislations. The electoral calendar in the country has a cycle of 5 years and is strictly based on universal suffrage. The current population in Turkey is about 7o million with the projection having it that by 2025, the population of the country will be about 90 million (OI?nisI, Ziya, and Barry 176). Of the population, majority of them are young with only about 6 % of the population constituting those of 65 years and above. The country has enormous labor force estimated to be about 25.64 million within the country and about another 1.2 million working abroad (UI?nay 156). The official language in the country is Turkish; well over 90% of the 71.1 million citizens of the country are well versed with the language. Other forms of language that exist include Kurdish, attracting about 6%, Arabic is also found in the country will the loyal of about 1.2%. Circassian is also spoken by about 0.09% (UI?nay 186). The main religion in turkey that attracts close to 77% of the population is the Islamic; the remaining percentage is unequally shared with the other faiths. In turkey the average education attainment is the high school with substantial number of students attending the 167 public universities in the country, majority of the students attends the public schools with the proportion standing at 95% (Financial Times Business 23). At primary level, almost all the student enrolls and the percentage attendance is almost 100%. This number transcends to high school where about 1.5 million high school student graduate annually from high school to the tertiary collages. Family income on the other hand is about 42
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