Economics Of Turkeyin Different Sectors

Economics of TurkeyName Course Professor’s Name Institution Location of Institution DateTurkey’s EconomyIntroduction Turkey is a country in Europe that bridges the southeast part of Europe and Asia. Research conducted by IMF indicates that Turkey is a developing market and one of the developed countries. Turkey is further defined as a newly industrialized country that has the 20th largest nominal gross domestic product. It is also known for the production of agricultural products, construction materials, transportation equipment, textile, motor vehicles, home appliances, and consumer electronics (Onis and Senses, 2009). From 2001, Turkey has significantly improved economically and this has motivated foreign investors. Before 2004, FDI inflows were less than one billion dollars, but they reached a record high of $9.6 billion in 2005. Additionally, the foreign direct investment bounced and by it had stretched to $22 billion 2007. The analysis will address the economy of Turkey alongside its FDI for the