Global Business Management – Integrative Case Study #2
1. According to Peng, Turkey has emerged as 18th largest economy in the
world. Their per capita income has increase to three times in under
three decades. New reforms in trade and a large population of young
people has acted as fuel for Turkey’s economic growth. Some of
Turkey’s advantages as follows;
• Geographical Advantage – Tukey is located centrally between
South-eastern Europe and Western Asia. It is also surrounded by
the Black, Mediterranean, and Aegean Seas. These geographic
advantages strengthen Turkey’s connections with other countries,
acting as a bridge between the trades for other countries
surrounding it. Imports and exports activities are their competitive
advantage and they are a hub for many surrounding countries.
Economic Growth and Global Competitiveness – Turkey was ranked
number 44 among 148 countries on global competitiveness in 2013.