Open AccessInspiring Best Business Practices
Author(s) -
Basil Mustafa
Publication year - 2015
Publication title -
journal of emerging economies and islamic research
Language(s) - English
Resource type - Journals
ISSN - 2289-2559
DOI - 10.24191/jeeir.v3i3.9063
Subject(s) - turkish , purchasing power , popularity , gross domestic product , workforce , purchasing power parity , goods and services , business , inflation (cosmology) , unemployment , unemployment rate , product (mathematics) , economics , agricultural economics , economy , economic growth , exchange rate , finance , political science , philosophy , linguistics , physics , geometry , mathematics , theoretical physics , keynesian economics , law
The people of Turkey ought to be congratulated for their hard work in achieving a sustained record of economic stability with growth over the last decade or more. Unemployment rate, particularly given the continuous growth of workforce, and inflation, remain the significant challenges. Nevertheless, Turkey maintained its Gross Domestic Product (purchasing power parity) share of the world’s total and improved its GDP’s percentage on exports of goods and services. Turkey’s exports to the UK have been growing steadily from about $2billion in 2001 to about $8billion in 2010 with the exception of 2009. Turkish industries in various sectors have been producing quality goods. In view of the growing popularity of the oriental drink Turkish “coffee” and that of coffee houses in England, one of the most innovative products of Turkey is the coffeemaker.