Historical Ties Between Turkey And Iraq: Patterns Of Effects Of Recent Global Crisis On Economic Relationship Between Them
Abstract
The world economic last crisis affected almost all economies in the world. The impact of the 2008 crisis has been observed in the Turkish economy since the middle of the year. It is known that role of the government in economy is important and government uses some policies to cope with such kind of economic problems. We studied last crisis and its effects on relationship between Turkey and Iraq. First, we analyzed trade between them, second, causes and effects of recent global crisis, third, effects of recent crisis on economic relationship between Turkey and Iraq. Last one, the effects of the changes in Turkey’s exports and imports with other countries especially Iraq by using regression model established. As a result we saw that recent global financial crisis affected the world at different levels. Although Iraq is not the center of financial crisis, Iraq was affected due to low oil prices. But trade between Turkey and Iraq was not affected negatively. Crisis has affected Turkish exports in a negative manner but this wasn’t the situation for Iraq. Exports from Turkey to Iraq have increased at that period.
References
Asharq Al-Awsat, London – Newroz Amin, a representative from the Kurdistan Investment Authority made public that ―Over 105 investment projects worth over US $16 billion in the regions of Erbil, Sulaymaniyah and Duhok have been recorded.‖ Maad Fayad. 2008. Investment Boom in Kurdistan, asharq alawsat, The leading Arabic International Daily- English Edition, June 10, 2008
Ashti Hawrami. (2010). KRG statement on Kurdistan Region oil contracts and revenues, July 23, 2010https://krg.org/articles/detail.asp?lngnr=12&smap=02010100&rnr=223&anr=33405
Asim Erdilek. (2009). Global crisis raises specter of economic nationalism‘‘, todayszaman newspaper, February 02
Ben Holland. (2010). An oil boomtown in Iraqi Kurdistan, BusinessWeek, June 11, 2010 https://krg.org/articles/detail.asp?lngnr=12&smap=02010200&rnr=73&anr=33488
Daveed Gartenstein Ross, Joshua Goodman D. (2009). The Global Economic Crisis & Iraq’s Future, 3(2), June 15, 2010 https://jewishpolicycenter.org/966/global-economiccrisis-iraq-future
Eilchengreen Barry. (2010). The Global Credit Crisis as History, (University of California, Berkeley 2008), February 10, 2010 https://econ.berkeley.edu/~eichengr/global_credit_crisis_history_12-3-08.pdf,
Ercan Uygur, the global crisis and the turkish economy,february, 2010, turkish economic association discussion paper 2010/3, www.tek. org.tr, Financial Forum. 2010. September 12, 2010 https://financialcrisis2009.org/news/The-financial-crisis-tab-in-the-US-5-Trillion4268.htm
Hakan Ercan, Erol Taymaz, Erinç Yeldan Internatıonal labor organızation, Crisis and Turkey: Impact Analysis of Crisis Response Measures, Ankara, 2010, p. 9-20
Hall, Robert E. and Taylor, John B., Macroeconomics, (NewYork: W.W. Norton and Company, 1991), pp.204-216
Iraq directory, ‗‗$1.8 billion for Iraq to overcome the financial crisis‘‘ June 12, 2010 https://iraqdirectory.com/DisplayNews.aspx?id=10284 2009 International Republican Institute. 2010. A strong Kurdistan is a stronger Iraq, Prime Minister Salih tells conference on federalism, conference on federalism, June 25, 2010 https://krg.org/articles/detail.asp?lngnr=12&smap=02010100&rnr=223&anr=333 772010
Jack Kimball, and Shamal Agrawi. 2010. Kurdistan Region attracts 12 billion dollars investment in three and half years July 15, 2010 https://krg.org/articles/detail.asp?smap=02010200&lngnr=12&rnr=73&anr=3384 42010
Mckibbin, Warwick J. and Stoeckel, Andrew,; (2009), The Global Financial Crisis: Causes and Consequences, Lowy institute for International Policy, working papers in International Economics, N o.2 (0 9), Australia, 11.2 0 0 9, pp.1, 9
Mohan, Rakesh Mohan, (2009) ‗‗Global financial crisis – causes, impact, policy responses and lessons‘‘ Deputy Governor of the Reserve Bank of India, at the 7th Annual India Business Forum Conference, London Business School, London, , https://bis.org/review/r090506d.pdf(23 April 2009 )
Paul, A. Samuelson and William, D. Nordhaus. 2001. Economics, NewYork: McGraw-Hill Irwin, p. 477
Paul Rivlin. 2009. The Impact of the Global Economic Crisis on the Arab World, journal of inFocus Quarterly, 3(2) June 20, 2010 https://jewishpolicycenter.org/967/globaleconomic-crisis-arab-world
PRNewswire-USNewswir. 2010. Investment in the Kurdistan Region of Iraq Surpasses $12 Billion, February 18, 2010 https://prnewswire.com/news-releases/investment-in-thekurdistan-region-of-iraq-surpasses-12-billion 84719997. html #linktopagetop, 2010 Turkish Embassy, commercial counselor.
Todays Zaman Press. 2010. Global financial crisis negatively affects Turkey’s exports to neighbors, February 21, 2010
Downloads
Published
Issue
Section
License
Copyright (c) 2024 International Journal of Social Sciences & Educational Studies
International Journal of Social Sciences & Educational Studies applies the
Creative Commons Attribution-NonCommercial 2.0 Generic Licence (CC BY-NC 2.0)
