Uncertainty Avoidance
The uncertainty avoidance dimension expresses the degree to which the members of a society feel uncomfortable with uncertainty and ambiguity. The fundamental issue here is how a society deals with the fact that the future can never be known: should we try to control the future or just let it happen?
Investment Invitation - Turkey
STRENGTHS
Performance
For nearly two years, Turkey's PMI has been stronger than Europe's and "outstrips global averages"
From the result of government's determination, Turkey's GDP exceeded that of Europe, the Middle East and Africa (EMEA), as well as the rest of the world. Turkey "remains superior in the region"
Best performer among the presented emerging markets as of 2012
Growing Economy
Global power
Turkey’s potential is vast : the OECD predicts that Turkey will overtake India as the second fastest growing economy by 2017, and will be the second-largest economy in Europe by 2050. With her good demographics, entrepreneurial spirit and increasing openness to international partnerships and investment, Turkey is Europe’s BRIC, as Prime Minister Cameron said when he was here last July, as well as stating the UK’s ambitions to grow our commercial relationship - what we see is doubling the value of our trade within five years.
Biggest growth among OECD countries
The world's 15th and Europe's 7th largest economy
Geographic Area
Tourism
Top ten tourism destinations in the world; 6th in Europe
Country rich in culture and of historical importance
A "bridge" between East and West
Turkey shares borders with Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq and Syria.
Turkey is the meeting place of two fundamentally different cultures. It is part of both Europe and Asia - that part of the country west of the Bosporus is geographically part of Europe.
The EU's 5th largest export and 7th largest import partner
"Island of Stability"
Over its decade in power, the democratically elected Justice and Development Party (AKP) has won broad support, and ended decades of de facto authoritarian rule by the generals. And as Prime Minister Recep Tayyip Erdogan said that after his re-election as head of the party, Muslim-majority nations can learn from Turkey's political approach.
AKP has succeeded in building a stronger country largely because it has been balanced by "secular, relatively democratic, and rule-based social and political institutions".
Since 2002, the head of Turkey's longest-serving single-party government has presided over solid economic growth and positioned the country as an important regional player.
THREATS
Opacity Index
31 place in the world in trasarency above China and Russia slighly which signify a unstable country but no out of control. While still having a good legal system competing with most countries in the world.
Terroism
With it's close proximity to unstaable Lebbannon, Syria and Iraq there is many issues with terroist attacks witht the country. As well as terroist threat domestic from the kurdish population.
Crime
Gangs are a gwoing issue within Turkey as well as civil unrests. Honor killing are also prevelent in certain areas of Turkey.
War what is it good for
Instability within the middle east cause issues of stability for the country of Turkey. Syrias recent civil war and chemical weapons have been a great threat to Turkey and caused much uncertaiinty for Turkey.
Kurdish
The Kurdish isuse has been long standing one with human right abuses and unequal society. Causing civil unrest within the country and a civil war for their independence.
Relationship with the European Union
Turkey has wanted to be considered part of Europe since Constanopli and part EU since it's beging. This has been troblesome because of there big majority of muslims and close economic ties with the middle east.
WEAKNESSES
Other
-has huge amount of both internal and external debt-under the heavy debt of IMF
- has consistently experienced high inflation
- is not able to perform privatisation , tax reform, structural reforms in the banking sector.
- Has been suffering the sharp depreciation of the Turkish lira
- Has a low rate of labour force to the population (32 %)
- Has political instability -inner war –Kurdish Matter- Cyprus Matter
- Has to spend a huge amount of its budget in buying weapons
- Has no well organized organs of the state.
- Has Political bureaucracy (Red)
EDUCATION
Hofstede Cultural Dimensions
Individualism
the degree to which individuals are integrated into groups
The degree to which individuals are integrated into groups
Masculinity
Masculinity versus its opposite, femininity refers to the distribution of roles between the genders which is another fundamental issue for any society to which a range of solutions are found.
Power Distance
Hofstede’s Power distance Index measures the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally.
CORRUPTION
The Association of Certified Fraud Examiners (ACFE) notes that the world average for fraud in organizations is calculated at 7 percent of total turnover, whereas this figure is about 15 percent in Turkey. Despite various anti-fraud laws that have been passed in Turkey and significant attempts to create more a ethical culture in organizations, fraud continues to be an inevitable and unpleasant component of modern life
Map Location of Turkey
