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Modern Turkey
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The Republic of Turkey is a complicated place. It bridges two continents and spans empires from the Hittite and the Phrygian to the Byzantine and the Ottoman. Since 1923 Turkey has been a secular republic. It now has a population in excess of 70 million and is in negotiation for full membership in the European Union. Turkey has been a member of NATO since 1953. It holds a unique place in the geopolitical world.
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Many Europeans know Turkey for its beautiful beaches or its ancient ruins. Others know it as a cultural bridge between the East and West - a place where the mosques and spice bazaars are located near Starbucks and modern shopping centers. But to all it is a land of contrasts and contradictions that defy easy explanation.
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| Turkish Industry |
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The industrialization of Turkey really started in earnest in the 1950's when private manufacturers first began to appear in the republican era. Turkish companies now export white goods to Europe and the rest of the world.
Turkey produces automobiles, steel, aluminum and F16 fighter jets. Turkey is a major exporter of textiles as well as agricultural and glass products.
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Istanbul is the industrial capital of the country, but there are manufacturing centers in most of the larger cities including Ankara, Bursa, Çorum, Eskisehir, Gaziantep, Izmir, Kayseri, Konya, Mersin, and even Zonguldak.
Quality has been on a steady rise since the opening of the economy in the early 1980's. The customs union with Europe in 1996 accelerated the pace dramatically and now many manufacturers are ISO or QS certified. Exports have grown dramatically and, after a serious drop due to the global economic crisis last year, they are beginning to climb again.
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The Turkish Economy
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Turkey is an emerging economy, meaning that it is growing and improving but still has some rough spots. It is the most heavily industrialized country in its region - and that is true whether you consider its region to be South Eastern Europe, the Balkans, the Caucuses or the Middle East!
As part of the European Union accession process the government has made many reforms and improvements. They are particularly keen to see increased direct foreign investment and improvements in exports.
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Turkish manufacturing costs are low compared to European or North American prices and are competitive with Eastern Europe. The improved quality, available technology and geographic proximity to Europe make it a logical source for investment and procurement. The customs union with Europe opened the door for Turkey to be a low cost point of manufacture for duty-free export into Europe.
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