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• W2115087291 abstract "Today, importance of export is increasing at providing and sustaininggrowth in developing countries. Because of their macro-economicinstability and fragility developing countries face to crisis and affected byglobal economic crisis more than developed countries. At the end of 2007in USA, problems in returning long-term housing loans created mortgagecrisis in financial markets. Crisis spread to all of the markets and return toeconomic crisis.Leaping of crisis to developed countries which are economically locomotiveof global economy caused crisis spreading and deeping world-wide. Theaverage growth rate of global economy was 5% before the crisis. This ratedeclined to 3% after crisis (IMF). The crisis affected developing countries byexports. The economic crisis deeply existing in EU countries which aretraditionally Turkey Republic’s markets decreasing the share of Turkey toEU exports in the total amount of Turkey exports. The share of Turkey-EUexports was 55% of Turkey’s total export before the global crisis from 1997to 2008. After the crisis this figure declined 23% in 2009 when the crisiseffect was deepest (DTM).Expectation of the effects of the economic crisis will continue, especially inthe EU countries resulted Turkey implementing market diversificationstrategy in foreign trade. In accordance with the strategy; Turkeyperformed a group of activities and invested (liaison offices, trade shows,incentives) to rise export focused group of countries especially North Africaand the Near and Middle East country groups. This paper extends to Turkey’s total export amount to different countrygroups and rates from 1997 to 2008 accepted as the pre-crisis and from2010 to 2012 post-crisis period. According to this research the share ofTurkey-EU export decreased 11% and became 44%. After implementingmarket diversification strategy Turkey-MENA export rate increased 10%and became from 13% to 23% (TUIK).We found that the Turkey’s market diversification strategies succeed andTurkey’s export volume increased. Because of reason Turkey is the one ofthe countries least affected by global economic crisis and recent globaleconomic uncertainty and recovering the economy fast. Economy ofTurkey is the fastest growing economy in Europe. The average growing rateof Turkish Economy is 5,4% from 2002 to 2011. Turkey's economyexpanded 8.5% in 2011 (TUIK).The aim of this study is to show negative effects of economic crisis ongrowth of economy by the channel of export and to test alternative exportpolicies (market diversification strategy) on recovering crisis.Keywords: Economic Crises, Export, Economic Growth, Market TurkeyEconomy, Diversification." @default.
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• W2115087291 date "2013-05-10" @default.
• W2115087291 modified "2023-09-27" @default.
• W2115087291 title "The Importance of Export Market Diversification Strategy on the Overcoming Economic Crises: The Case of Turkey" @default.
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