Nobody downloaded yet

Seminar in Global Business- Greece and Turkey - Case Study Example

Comments (0) Cite this document
This case study "Seminar in Global Business- Greece and Turkey" discusses the reforms that led to macroeconomic growth in various phases in Turkey and Greece. The case study analyses many factors have contributed to the much-endowed culture of Greece…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
Seminar in Global Business- Greece and Turkey
Read TextPreview

Extract of sample "Seminar in Global Business- Greece and Turkey"

Download file to see previous pages For many decades ago, the Turkeys economy has been glowing bright and its growth was phenomenal. Though there was a crisis in the recent past, current Turkey has the top GDP ranking among its neighbors even ahead of the rich oil exporters, Saudi Arabia. Taking into a comparison of the Turkeys GDP with the rest of Europe it ranks eighth position (Parlar, 2014). The country has managed to do without an oil export and it relies on imports of gas and oil for its 97% energy needs. The country has invested heavily in middle-class entrepreneurs and reduced the state's involvement in basic industry, communication, transportation, and banking significantly. The export market diversified to electronics, automobile, mechanical pieces of equipment and construction industries (Vaughan Whitehead, 2012).

This diversification occurred after lifting the restriction of traditional clothing and textile exportation. The global recession that occurred in the opening years of millennium hit greatly Turkey’s economy that led to the 2001 financial crisis (STOREY, 2012). The setback turned to be a re-grouping(Jimmakos). After financial and fiscal reforms with the help of IMF, Turkey came out of the crisis with greater force that propelled them to the top of charts with annual growth of 6% from 2002 to 2008. Turkey again succumbed to 2008/2009 global crises but emerged strongly with unmatched robustness, which clocked 9.2% GDP growth in 2010 (Ciro, 2013). The nation used to depend greatly on foreign investments, but have reduced significantly as the west and east sides have been faced with liquidity shortfalls. In 2012, the GDP of Turkey fell to 3%, in combating that the central bank raised the interest rates on the seventy-five basis (Parlar, 2014). The major concern with the high-interest rates is that they will lead to the slow growth rate of the economy.
In Greece, there has also been an ongoing debt crisis that has resulted from the Great Recession. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Seminar in Global Business- Greece and Turkey Case Study, n.d.)
Seminar in Global Business- Greece and Turkey Case Study. Retrieved from
(Seminar in Global Business- Greece and Turkey Case Study)
Seminar in Global Business- Greece and Turkey Case Study.
“Seminar in Global Business- Greece and Turkey Case Study”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Seminar in Global Business- Greece and Turkey

Global Business Cultural Analysis: Greece

...Global Business Cultural Analysis: Greece Introduction Owing to increasing globalization and competition in today’s business world, organizations are looking for new and different markets. For this reason most of the organizations are moving to international markets. Cultural understanding is inevitable in international business and should be kept in mind for successful business. When conducting such business, it must be kept in mind that understanding the norms, values and the local culture is vital. Such understandings can shape the future of the business. If the culture is misunderstood, the business will not be culturally accepted. Culture plays a vital role in life of people and it determines the success and failure... ...
17 Pages(4250 words)Research Paper


...?In the business world companies have realized that they need to expand beyond their domestic markets in order to grow as business entities. The globalization movement that started in the 20th century has become more instrumental today. Organizations have to evaluate a potential foreign market prior to penetrating. A country that will be evaluated in this paper in order to determine if the location is a good place for investment and development is Turkey. Turkey is located between Europe and Asia near the entrance of the Black Sea. The size of Turkey is 302,633 square miles which roughly the size of Texas. The region is heavily populated with a population of 77.8 million. There are 257.6 people per square miles in Turkey. The fact... that...
2 Pages(500 words)Research Paper

Global Health and Turkey

...? Global Health and Turkey Background Turkey’s is a country located between the Middle East and Eastern Europe. Its government has had tremendous change over the years with numerous reforms in the social and political scene. This several reforms initiated have been aimed at improving the economy and government. An example of social reforms endeavor is the initiative to reduce tobacco usage amongst adults in the country (Phillips & McCracken, 2012). The government initiative calling for a change in lifestyle has resulted in the reduction of tobacco usage. This effort by the government is a good healthcare move because in Turkey cardiovascular diseases are the highest cause...
4 Pages(1000 words)Essay


...Greece Greece is situated in Southern Europe. It is washed by three seas: Ionian, Aegean and Mediterranean. From the land the country borders with Albania, Macedonia, Bulgaria and Turkey. The total area of the country is 131,957 sq. km. Most states which are related to Southern Europe are washed by Mediterranean Sea. Greece also borders Mediterranean Sea and is a part of Balkans Peninsula. As the country is washed by seas, its climate is rather mild with warm winter and dry summer. Landscapes are very beautiful. Beautiful nature, geographical position and warm climate make Greece attractive for immigrants. “Greece's geography, which...
3 Pages(750 words)Essay


...they moved western and settled in the present day Turkey. In their migration, the Turks interacted with a number of ethic groups along the way (Edelstein 562). They borrowed some aspects of the cultures they interacted with and when they finally settled, their culture had become a mix of several cultures. Due to this movement, the Turkish culture is one of the richest in the world and it has continued to benefit from globalization. The nomadic nature of the ancient Turks was, therefore, a great influence on the current culture of the Turkish people. The modern culture in Turkey continues to be one that is influenced by the ancient times. It is important to note that the country has...
3 Pages(750 words)Essay

Business Opportunities Available in Turkey

...) The Republic of Turkey is going through a transitional phase. This translation has been largely possible due to the advent of globalization and the country’s acceptance of the regulations set by the European Union. There has been a significant increase in the inflow of foreign investment over the past few years precisely because of the expansion of various international businesses in this part of the world. This has facilitated a cultural fusion between the western culture and the culture that prevails in Turkey. In addition, a considerable number of employees as well as middle executives are highly educated and most of them have pursued their education overseas. This has helped them to adapt themselves to the western culture... ...
10 Pages(2500 words)Coursework

Applied business ethics seminar

...s and Ethics in Business affiliation Character profile #3 Task1 From her character profile, Mei-Hua describes ethical leadership as leading from the front line, meaning that it entails leadership whereby the leaders themselves conduct and adhere to the set code of ethics. Task 2 She presents that she adheres to the code of ethics, together with her fellow professionals, which have led them to be moral and ethical. These codes promote honesty and truthfulness in conducting business. As such, her arguments are ultimately beneficial to both honest business and good image for professions. Task 3 Moral business behaviours and ethical leadership go hand in hand. It is from...
1 Pages(250 words)Essay

The Impact of Global Economic Crisis and Responses To it: The Case of Greece & Turkey

...The Impact of Global Economic Crisis and Responses To it: The Case of Greece & Turkey Greece s 5 March The Impact of Global Economic Crisis and Responses To it: The Case of Greece & Turkey 1.0 GreeceGreece is one of the Mediterranean country located in the southern part of Europe and which borders Bulgaria and Albania. The country is also bordered by several seas with the Ionian Sea bordering it to its West, Mediterranean Sea to its South and the Aegean Sea to its East. Greece is described as one the most mountainous countries in Europe. The country has a large mainland known as the Peloponnese which is a peninsula connected to the southern part of the mainland by the Isthmus of Corinth. Following the “Kallikratis” reform of 2011... goods...
10 Pages(2500 words)Essay

The Impact of the Global Economic Crisis in Greece and Turkey

...on the businesses established in Greece in the sense that the peoples way of living will influences the type of goods, which they use. Thus, one start a business should be the one where the culture of the Greeks allows them to use. The political nature of the Greece is also very important factor to consider while establishing a business (STOREY, 2012). The government policies imposed by the government will affect the business, which are established by various companies. Turkey has of late experienced global and financial crisis. The most recent crisis occurred from 2008 to 2009; it affected the nation...
12 Pages(3000 words)Essay

Compare political system of Turkey and Greece

...Module Compare political system of Turkey and Greece The political system of both, Turkey and Greece are democratic, where citizens above 18 are legal to vote. They are presidential parliamentary republic. Turkey was founded in 1923 while Greece gained independence in 1830. Moreover, Turkey holds a republican parliamentary democracy while Greece is parliamentary republic. Both of the countries follow legal laws. However, the difference comes to what the legal law is based upon. The Turkey legal system is based on Swiss civil code while Greece follows roman code....
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Seminar in Global Business- Greece and Turkey for FREE!

Contact Us