AN ALTERNATIVE ANALYSIS OF ECONOMIC INDICATORS OF TURKEY AND BRICS COUNTRIES

Ömer Yilmaz

Abstract


It is seen that Brazil, Russia, India, China and South Africa, which are the countries that attract attention with the economic developments recently in the world economy. These countries have surpassed the performance of many developed countries' economies and these countries are referred to as BRICS countries in the world economy. The main reason why these countries are referred to as a group is that they must have a young and growing population, have a chance of earning a high growth opportunity because they can earn direct foreign investment in the country economy, cheap labor and consequently low production costs. Judging from the forecasts of the future of the world economy, until the 2050s, BRICS countries will play an active role in the world economy, also known as the G-6, one of the world's largest economies of the United States, Italy, France; it is argued that the nation will have more than one national income than its national income. Made this first part of the BRICS countries and Turkey's economy will be assessed in terms of macroeconomic indicators studies will be compared later with the BRICS countries in that part of Turkey's economic indicators. A general evaluation will be made in the conclusion part.

 

Article visualizations:

Hit counter

DOI

Keywords


BRICS, macroeconomics, G6, production costs

References


Çakır, M. Y., & Kabundi, A. (2013). Trade shocks from BRIC to South Africa: A global VAR analysis. Economic modelling, 32, 190-202.

Erkan, B. (2012). BRIC Ülkeleri ve Türkiye’nin İhracat Uzmanlaşma ve Rekabet Düzeylerinin Karşılaştırmalı Analizi. AİBÜ-İİBF Ekonomik ve Sosyal Araştırmalar Dergisi.

Karakurt, B. (2016). Küresel Krizin Etkilerini Azaltmada Mali Yönetişimin Rolü: BRICS Ülkeleri Örneği, Ekonomik ve Sosyal Araştırmalar Dergisi, 12(2).

Nistor, P. (2015). FDI Implications on BRICS Economy Growth. Procedia Economics and Finance, 32, 981-985.

O’neill, J. (2001), Building Better Global Economic BRICs, Goldman Sachs, Global Economics, 66, p:1-16.

Oropeza García, A. (2014). The Role of China and the BRICS Project. Mexican law review, 7(1), 109-136.

Özcan, S. E., & Açıkalın, S. (2015). Relationship between Misery Index and Lottery Games: The Case of Turkey. International Journal of Humanities and Social Science, 5(7), 1.

Özsoylu, A. F., & Algan, N. (2011). Dünya ekonomisinin yeni aktörleri: BRIC: Brezilya-Rusya-Hindistan-Çin. Karahan Kitabevi.

Shahrokhi, M., Cheng, H., Dandapani, K., Figueiredo, A., Parhizgari, A. M., & Shachmurove, Y. (2017). The evolution and future of the BRICS: Unbundling politics from economics. Global Finance Journal, 32, 1-15.

Web page 1 = http://databank.worldbank.org

Web page 2 = https://data.oecd.org/unemp/unemployment-rate.htm

Web page 3 = http://www.heritage.org/index/explore?view=by-variables

Web page 4 = https://tradingeconomics.com/india/unemployment-rate


Refbacks

  • There are currently no refbacks.


Copyright © 2015 - 2018. European Journal of Alternative Education Studies (ISSN 2501-5915) is a registered trademark of Open Access Publishing GroupAll rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library (Biblioteca Nationala a Romaniei). All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms.

All the research works published on this journal are meeting the Open Access Publishing requirements and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License (CC BY 4.0).