The State of Turkey S Economy and Realization of Mdgs

Turkey's Economic History And Development

Turkey is one of the European countries whose economy has gradually grown over time. The phases of growth have seen it grow from a slow and informal country to a modern and great country presently making it a serious trade partner in blocs like EU, OECD, and WTO among others. The economy's history has grown to be what it is now courtesy of a consultative leadership that has been in place since then. The country's position in the European economy has made it get to where it is. The strategic position and location to the continent's trade routes contribute to the country's growth at the time and even today.

The Economic History

Turkey has been through a series of economic changes since the time of the First World War. From 1923 to 1929, the country pursued a policy of private accumulation. The investments that were done were on the issue of building an economy that was driven by a desire to enrich households. Trade between the citizens was promoted as a way of safeguarding the country's dreams and aspirations for a safer, cleaner and more efficient economy. The mistrust among nations after the First World War could not allow them to build relations with each other. That is why the Turks were slow to opt for international trade at first (Nas 10).

Between 1929 and 1945, the country pursued a policy of wealth accumulation since the Great Depression was widespread around the globe. During this period, there were developments to build the country amidst the challenges that had occurred. As such, the leaders opted to conduct a policy of continuous growth of the economy through an acknowledgment of the fact that countries had to build their economy on a growth pattern that would allow it to stay afloat (Onis and Senses 12).

The period of 1950 to 1980 was characterized as the period of state guided industrialization. The country's leadership wanted to lay down the sufficient infrastructure that was needed to absorb the many idle citizens who needed jobs. The priority could not be ignored as the situation in the country required people to work and earn income. These arrangements were set out from the central bank of Turkey and spilled over to the people in the country. All these arrangements were made because the citizens wanted to grow their wealth to levels enabling to overcome the effects of the recession (Nas 17).

The past forty years have seen the country grow away from its protectionist practices into an open market. Turkey's economy is now seen to accommodating foreign investors, building, and strengthening ties with other global partners. This has enabled them to sustain the previously weak economy. The developments have also resulted in bringing the country to such a sustainable level and because of the proper coordination by leadership. It has been a case of stabilizing the economy amidst the fluctuating global economic variables often lessening the country's fortunes (Onis and Senses 25).

The Current Economic Position

The Turkey is presently economically unstable compared to its neighbors or countries in its league. It has its fair share of problems and challenges. The overdependence on external capital injection on its main sectors of the economy makes its currency volatile and unstable. With public debt accounting for over 35% of the GDP, the prospects of stabilizing the economy remain dim. Although Turks are hardworking, unemployment rates remain high. The economy has no minerals and hence depends on industrialization sector for sustenance. The situation is dire unlike in the 1980s largely because the population then was a bit sustainable unlike now.

The Implementation of the UN Millennium Development Goals

The United Nations passed a resolution in 2000 requiring some countries to achieve some targets in fifteen years because of nations' desire to have a common goal. Some of these programs revolved around; education, health, gender parity, poverty eradication and a host of other targets (World Bank Publications 56).

Turkey has played its role in the implementation of the millennium development goals. The requirement to provide education to all children in the country has been fulfilled. The resolution required that all children in the country be made to live within a safe education zone that gives them education within the limits offered by the leadership. Therefore, it is important to handle all the stages and appreciating everyone's effort regarding the attainment of education targets (Nas 7). Turkey has also succeeded in providing affordable health services to all its citizens. Medical care is offered at a subsidized rate to the people at the public health facilities. From the facilities, the country's leadership is in touch with the concerns of the people who are badly in need of the quality health care.