Importance of Market Diversification in Foreign Trade

2018 ◽  
pp. 117-146
Author(s):  
Sevgi Sezer
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Trade ◽  
Good Practices ◽  
Close Interaction ◽  
Economic Developments

It is of great importance for developing countries to diversify their markets and products in their exports and imports in order to achieve stable foreign trade and economic growth. This chapter presents lessons that developing countries need to learn from the foreign trade experiences of Turkey. In this context, the foreign trade experiences of Turkey in the 1970-2016 period, the good practices that Turkey has implemented in this respect, topics that Turkey has made mistakes, and the issues that Turkey has suffered are examined with the help of tables and graphs. The most remarkable point in the chapter is the necessity of diversifying countries and markets in the foreign trade because foreign trade has close interaction with political and economic developments and it is always possible that existing markets are being lost or difficulties arise in existing supply sources.

scholarly journals PERAN STRATEGIS PENERAPAN KONSEP SISTER CITY DALAM MENCIPTAKAN SURABAYA GREEN-CITY

2018 ◽  
Vol 2 (1) ◽  
pp. 144-151
Author(s):  
Inggang Perwangsa Nuralam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Urban Areas ◽  
Developed Countries ◽  
City Development ◽  
Rapid Population Growth ◽  
Good Practices ◽  
Environmentally Sound ◽  
Complex Activities ◽  
Green City

Indonesia has many big cities with dynamic urbanization trend, increased economic growth and activities, rapid population growth, and dense populations such as Jakarta, Bandung, Medan, Surabaya and Balikpapan. As a result, the complex activities of people in urban areas need space and these needs cause environmental degradation, such as the practice of throwing garbage that is not in place. To prevent this in the future, it is important for developing countries like Indonesia to have benchmarks. Benchmarks for developing countries can come from developed countries. So far inter-city development usually has partnerships with cities abroad, including the sister city concept. Sister city practices can be used by cities in Indonesia for the development of good practices. The collaboration of Surabaya (Indonesia) with Kitakyushu (Japan) focuses a lot on creating urban planning that is environmentally sound or commonly known as green city or eco-city.

scholarly journals The Effect of Globalization On Foreign Trade and Investment in Eurasian Countries

2012 ◽  
Author(s):  
Ahmet İncekara ◽  
Mesut Savrul
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Trade ◽  
World Bank ◽  
The World ◽  
Investment Structure ◽  
Economic Institute ◽  
Trade And Investment ◽  
Scientific Fields

Globalization includes a comprehensive transformation in technological, economic, politic and scientific fields and it's largest impact has been on developing countries is acceleration of liberalization of foreign trade and investment. Regarding foreign trade and investment is vital for economic growth of developing countries such as Eurasian countries which are lack of capital to support their growth, the effects of globalization come into prominence. In this study how the globalization movements have affected trade and investment structure of the region is assessed. The data is collected from KOF Swiss Economic Institute, World Bank and UNCTAD. The results have shown that although trade and investment relations with the rest of the world, they are still limited within the region and stronger economic integrations are necessary to develop them.

The impact of foreign trade issues on economic growth in some developing countries including Iran and Turkey

2017 ◽  
Vol 22 (3) ◽  
pp. 171-202 ◽  
Author(s):  
Dilek Temiz Dinç ◽  
Aytaç Gökmen ◽  
Mahir Nakip ◽  
Nayier Madadkhah Azari
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Trade ◽  
The Impact

scholarly journals Bank Finance For Small And Medium-Sized Enterprises In Sri Lanka: Issues And Policy Reforms

2015 ◽  
Vol 10 (2) ◽  
pp. 32-43 ◽  
Author(s):  
Pandula Gamage
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Sri Lanka ◽  
Supply Side ◽  
Demand Side ◽  
Policy Reforms ◽  
Good Practices ◽  
Bank Financing ◽  
Sme Lending ◽  
Similar Stage

Abstract Access to bank finance is necessary to create an economic environment that enables Small and Medium-sized enterprises (SMEs) to grow and prosper. The SMEs in Sri Lanka, however, face significant constraints to access bank finance. The purpose of this paper is to investigate the access to bank finance and related issues in the SME sector of Sri Lanka. The paper is exploratory in nature and reviews the bank financing situation for SMEs in Sri Lanka, as well as provides an overview of constraints faced by the banks (supply-side) and SMEs (demand-side). The paper also highlights some good practices in SME lending from international experience and outlines some recommendations to help overcome the constraints faced by the banks and SMEs. The recommendations discussed in this paper may be of importance to policymakers, not only in Sri Lanka, but in many other developing countries in a similar stage of economic growth.

scholarly journals Economic Growth And FDI In China

2011 ◽  
Vol 3 (5) ◽  
Author(s):  
Francis Cai ◽  
Huifang Cheng ◽  
LianZan Xu ◽  
C.K. Leung
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Foreign Trade ◽  
Direct Investment ◽  
Initial Stage

This paper studies the importance of foreign direct investment (FDI) in economic development in China. By analyzing the data from China and comparing China with other developed and developing countries, the paper finds that FDI becomes a force in economic growth, especially in the later stage of industrialization; Specifically, the paper finds that a countrys foreign trade is the engine in the initial stage of the economic development, while FDI is the main force in the post-industrialization stage.

Global Restructuring, Knowledge and Learning

2004 ◽  
pp. 66-76
Author(s):  
E. Hershberg
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Political Institutions ◽  
Lower Cost ◽  
International Competitiveness ◽  
Value Chains ◽  
Global Competitiveness ◽  
Global Restructuring ◽  
Intensive Exploitation ◽  
High Road

The influence of globalization on international competitiveness is considered in the article. Two strategies of economic growth are pointed out: the low road, that is producing more at lower cost and lower wages, with increasingly intensive exploitation of labor and environment, and the high road, that is upgrading capabilities in order to produce better basing on knowledge. Restrictions for developing countries trying to reach global competitiveness are formulated. Special attention is paid to the concept of upgrading and opportunities of joining transnational value chains. The importance of learning and forming social and political institutions for successful upgrading of the economy is stressed.

Markets, Technological Change and Economic Growth (The Quaid-i-Azam Lecture)

1994 ◽  
Vol 33 (4I) ◽  
pp. 327-356 ◽  
Author(s):  
Richard G. Lipsey
Keyword(s):  
United States ◽  
Economic Growth ◽  
Developing Countries ◽  
Common Ground ◽  
The United States ◽  
Industrial Countries ◽  
Canadian Institute ◽  
Primary Focus ◽  
Short Time

I am honoured to be invited to give this lecture before so distinguished an audience of development economists. For the last 21/2 years I have been director of a project financed by the Canadian Institute for Advanced Research and composed of a group of scholars from Canada, the United States, and Israel.I Our brief is to study the determinants of long term economic growth. Although our primary focus is on advanced industrial countries such as my own, some of us have come to the conclusion that there is more common ground between developed and developing countries than we might have first thought. I am, however, no expert on development economics so I must let you decide how much of what I say is applicable to economies such as your own. Today, I will discuss some of the grand themes that have arisen in my studies with our group. In the short time available, I can only allude to how these themes are rooted in our more detailed studies. In doing this, I must hasten to add that I speak for myself alone; our group has no corporate view other than the sum of our individual, and very individualistic, views.

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