Turkey Reflects Us Economy Turkey Term Paper

Length: 8 pages Sources: 5 Subject: History - Israel Type: Term Paper Paper: #19625860 Related Topics: National Debt, Trade Deficit, United States History, United Kingdom
Excerpt from Term Paper :

However, there are two possible alternatives, a beneficial one and a less beneficial one. Both alternatives are based on the nature of the partnership between the two countries and refer to the fact that the United States offer economic support in exchange for military services. But the Middle Eastern country is developing and is becoming stronger and more independent with each year.

The first alternative implies that a strong and developed Turkey realizes it no longer needs aid from the United States and based on cultural differences and other divergences, renounces the strategic alliances. This would have the major disadvantage of closing U.S.' door to the Middle East and loosing a trade partner. Consequently, if would negatively impact the American economy.

The second alternative, still keeping in mind Turkey's development, is that the country will continue, further develop and improve the international relations with the United States. Realizing the great importance the American state has had upon their economic growth and development, Turkey could sustain the Washington officials in their intent to penetrate the Middle East markets. This would undoubtedly lead to more partnerships, strategic alliances and trade partners, generating significant opportunities for the growth of the American economy.

The probability of occurrence of the first alternative is quite reduced in comparison to the second. However it is possible due to Turkey's alliance with the countries in the Middle East, the cultural dissimilarities that differentiate Turks from Americans or the numerous points of divergence, such as Iraq, Iran, Cyprus, Syria and Israel. The second alternative is the one that better stands to occur and this belief is based on Turkey's commitment to modernization and democratization.

8. Conclusions

Turkey is a Eurasian country characterized by a mixture of traditions and modernism, with both eastern and western influences. To Turkey, U.S. represents an important strategic ally which invests in the country's development, creates more jobs and improves the population's living standards. To the United States, Turkey represents an international partner which supports the country in two meanings. First, they offer military services and assistance, and secondly, they represent a pathway to the countries and markets in the Middle East. In return for these benefits, America sustains Turkey's economic development.

The cultural...

...

Turkey and the United States of America have reached a strategic level where they became interdependent states, which aid and support each other. If the U.S. economy is flourishing, Turkey gets increased investments and can sustain a growing economy. If the Turkish economy grows, the U.S. gets a strong international partner, which can develop better products, including military, and support the American economic growth through imports and exports.

In a nutshell, both countries have implications upon each other's economy and the general tendency is that of evolving in the same direction. In addition, as pointed out by Jaroslaw Pietras, the former EU negotiator of Poland, a third country can be interposed in this relationship - Germany. "The stability of the Turkish economy is dependent on German and U.S. markets. If the U.S. economy goes well, if the German economy goes well that means the Turkish economy will go well."

Bibliography

U.S. Census Bureau, Top Trading Partners, Foreign Trade Statistics, 2007, http://www.census.gov/foreign-trade/statistics/highlights/top/index.html, last accessed on November 29, 2007

Turkey, Central Intelligence Agency, the World Factbook, 2007, https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html, last accessed on November 29, 2007

Background Note: Turkey, U.S. Department of State, Bureau of European and Eurasian Affairs, September 2007, http://www.state.gov/r/pa/ei/bgn/3432.htm, last accessed on November 29, 2007

Cook, Steven a and Sherwood-Randall, Elizabeth, Building a New Era in U.S. - Turkey Relations, the Washington Post, June 2006

Larson, Alan P., U.S. - Turkey Economic Relations: Reinvesting for a Mature Partnership, U.S. Department of State, June 2003, http://www.state.gov/e/rls/rm/2003/22028.htm, last accessed on November 29, 2007

Turkey, Trade Summary, Office of the United States Trade Representative, 2007, retrieved from www.ustr.gov/assets/Document_Library/Reports_Publications/2007/2007_NTE_Report/asset_upload_file902_10986.pdfon November 29

Guvenc, Duygu, Pieras: Turkish Economy is dependent on German and U.S. Economy, Ankara Turkish Daily News, March 2007

Trading Partners, U.S. Census Bureau, Foreign Trade Statistics

Turkey, Central Intelligence Agency, the World Factbook, 2007

Background Note: Turkey, U.S. Department of State, Bureau of European and Eurasian Affairs, September 2007

Cook, Steven a and Sherwood-Randall, Elizabeth, Building a New Era in U.S. - Turkey Relations, the Washington Post, June 2006

Larson, Alan P., U.S. - Turkey Economic Relations: Reinvesting for a Mature Partnership, U.S. Department of State, June 2003

Turkey, Trade Summary, Office of the United States Trade Representative, 2007

Larson, Alan P., U.S. - Turkey Economic Relations: Reinvesting for a Mature Partnership, U.S. Department of State, June 2003

Cook, Steven a and Sherwood-Randall, Elizabeth, Building a New Era in U.S. - Turkey Relations, the Washington Post, June 2006

Guvenc, Duygu, Pieras: Turkish Economy is dependent on German and U.S. Economy, Ankara Turkish Daily News, March 2007

Sources Used in Documents:

Bibliography

U.S. Census Bureau, Top Trading Partners, Foreign Trade Statistics, 2007, http://www.census.gov/foreign-trade/statistics/highlights/top/index.html, last accessed on November 29, 2007

Turkey, Central Intelligence Agency, the World Factbook, 2007, https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html, last accessed on November 29, 2007

Background Note: Turkey, U.S. Department of State, Bureau of European and Eurasian Affairs, September 2007, http://www.state.gov/r/pa/ei/bgn/3432.htm, last accessed on November 29, 2007

Cook, Steven a and Sherwood-Randall, Elizabeth, Building a New Era in U.S. - Turkey Relations, the Washington Post, June 2006


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