DEVELOPMENT OF TRADE IN SERVICES IN THE WORLD AND TURKEY Cover Image

DÜNYA’DA VE TÜRKİYE’DE HİZMET TİCARETİNİN GELİŞİMİ
DEVELOPMENT OF TRADE IN SERVICES IN THE WORLD AND TURKEY

Author(s): Fatih Kiratli
Subject(s): Economy, Business Economy / Management, International relations/trade
Published by: Haci Mustafa Paksoy
Keywords: Service Trade; Service Trade Development; Service trade of Turkey;

Summary/Abstract: The aim of this study is to discuss thoroughly the development of service trade in the world and Turkey with liberalization world trade. In this study where the world service trade in Turkey and the other countries were investigated, the service sector export and import data of the World Trade Organization, Turkey Statistical Institute and Central Bank of the Republic of Turkey between the years 1985-2017 were reviewed. As a result, service trade of Turkey has many advantages in terms of knowledge, technology, human capital, and implements. Also, it has been observed that the tourism and transportation sectors have a high capacity and efficiency in Turkey. According to data collected in 2017, the tourism sector has met the requirements of revenue of service trade for almost 51% in Turkey. In terms of service trade in Turkey, the second important leading sector is transportation. It was the second sector providing the highest foreign currency income with approximately 35% percent of service trade in 2017. Generally, in order to balance Turkey's foreign trade deficit and current account deficits, it has been tried to be financed mainly by foreign exchange revenues obtained from service sectors such as tourism, transportation and construction. To further improve Turkey’s share in international service trade, potential new sub-sectors should be included in the sectors where the traditional competitiveness is available, and more work should be concentrated in these areas.

  • Issue Year: 4/2019
  • Issue No: 9
  • Page Range: 146-158
  • Page Count: 13
  • Language: Turkish