Trade and Development. Realigning the Textile Industry in Turkey

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Scientific Essay from the year 2010 in the subject Business economics - Offline Marketing and Online Marketing, grade: 5.5, Univer...

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Scientific Essay from the year 2010 in the subject Business economics - Offline Marketing and Online Marketing, grade: 5.5, University of St. Gallen, course: International Economics, language: English, abstract: The following paper is based on the WTO's liberalisation efforts in the textiles industry. It specifically studies the case of Turkey. Resulting from the WTO's liberalisation efforts, the Turkish textiles market is facing various challenges. The paper is therefore occupied with proposing and critically analysing potential trade instruments to successfully realign the Turkish textiles industry. The measures taken into consideration are 1) a devaluation of the Turkish currency, 2) an introduction of subsidies with a corresponding increase in money supply, 3) a lowering of taxes on general textile employment, 4) the forging or deepening of new bilateral or multilateral trade agreements, 5) a shift towards higher value-add production, and 6).