Central Bank of the Republic of Turkey

Encouraging, as these words, are the trade figures. The total exports touched $76.46 billion, registering a rise of 14.1% over 2004 (Central Bank of the Republic of Turkey). Imports also increased by 20%, reaching $105.2 billion in 2005. The rise has been possible because of an outwardly oriented trade policy of the Turkish government, different from the import substitution agenda it used to follow before 2000-01 recession. The trade basket largely includes vehicles, articles of apparel and clothing accessories, mineral fuels and equipments. The top trading partners of Turkey are Germany, Italy, France, UK and Russia – quite clearly, most of Turkish trade is concentrated in the EU. And all this largely because of the Customs Union (established in 1996) regulates the trade regimes between the EU and Turkey.

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Source:- IIPM Editorial

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Identifying the right growth strategy is critical for building a world-class business

And since resource providers cannot rely on the enforcement of contracts in emerging markets, good governance – organizational mechanisms that ensure that a company lives up to its commitments to investors, customers, employees and business partners – allow an organization to ultimately acquire a reputation that is invaluable in all its dealings with constituents. It can, for instance, allow a copmpany to access the best resources at the lowest cost.

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Source:- IIPM Editorial

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Does Philippines need a fillip?

OVERVIEW: PHILIPPINE ECONOMY

Philippines economy expanded by 4.9% in 2005, compared to 5.8% in the year 2004. Per capita GNP of a Philippine has been experiencing a continuous increase and has reached $832.5. Savings rate remains at a high of 27.63%, which has been a favourable point for the economy. Unemployment remains a concern, as it hovers around 11.4% of the total labour
force.

FOREIGN TRADE: EXPORTS & IMPORTS

Growth in exports has helped the Philippine economy to remain buoyant. Exports of goods and services grew by 4% to touch $40 billion in 2005 (almost 41% of GDP). Imports burgeoned to $47.77 billion in 2005, a growth of 7% over 2004. Exports and imports in 2004 stood at $38.79 billion and $44.48 billion, respectively. Major trading partners include US, China, Singapore and Netherlands.

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Source:- IIPM Editorial

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