International trade between Turkey and China

Basit Öğe Kaydı
dc.authorid0000-0002-7981-3121
dc.authorid0000-0002-3893-4015
dc.authorid0000-0002-5150-8168
dc.authorid0000-0002-7981-3121en_US
dc.authorid0000-0002-3893-4015en_US
dc.authorid0000-0002-5150-8168en_US
dc.contributor.authorTeker, Suaten_US
dc.contributor.authorTeker, Dileken_US
dc.contributor.authorOrman, Irmaken_US
dc.date.accessioned2023-03-01T11:20:38Z
dc.date.available2023-03-01T11:20:38Z
dc.date.issued2023-02-01
dc.departmentIşık Üniversitesi, İktisadi, İdari ve Sosyal Bilimler Fakültesi, İşletme Bölümüen_US
dc.departmentIşık University, Faculty of Economics, Administrative and Social Sciences, Department of Managementen_US
dc.description.abstractPurpose- This study examines the development of China – Turkey international trade with the comparison of macroeconomic trends, global trade developments, bilateral agreements. Also, this study analyses the expected effects of de-globalization, broken global value chains after the Covid19 pandemic and Russia’s invasion of Ukraine. Methodology- The study provides a macroconomic background for international trade developments between 2000 – 2021, focusing on China and Turkey. By comparing and examining world trade developments, the study sets a numerical background for potential future developments. Findings- The analysis reveals that global developments, changing power structures and trade flows has been re-shaping the world economic outlook and causing few debates around the continuity of “globalization”. Rising political nationalism, repercussions of Covid 19 pandemic, supply/demand mismatches, Brexit and Russia’s invasion of Ukraine has shifted international trade paradigms and Great Powers that has been the cause and pioneers of globalization are now forming new partnerships. As one of the largest and most dominant players in global world trade, China has a pivotal role in determining the changing paradigms of international trade. Turkey also plays a critical role in current re-positioning of the world trade not because of the share it has from international trade like United States, European Union, China or Russia but because of the geopolitical importance it has and because of the bilateral relations it builds with other Great Powers. Conclusion- Turkey’s bilateral trade volume has been growing with China and is set to grow further with all the economic and politic steps taken. Covid19 pandemic and the shutdowns have shown to the world the importance of free trade, uninterrupted supply chains and global stability. The pandemic restrictions are finally over but the effects on worldwide economy and politic instability caused by Russia’s invasion of Ukraine have forced new economic alliances. Turkey, with its proximity to European markets and cheap labor, is becoming a new base of production for international players. Numbers prove that bilateral economic relations have grown with China, but the growth has been mostly fueled by exports from China, causing the trade gap to become wider. As Asia is becoming to be the center of global economic growth, it is certain that Turkey’s international trade with China and it’s partners will grow.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationTeker, S., Teker, D. & Orman, I. (2023). International trade between Turkey and China. PressAcademia Procedia, 16(1), 179-191. doi:10.17261/Pressacademia.2023.1685en_US
dc.identifier.endpage191
dc.identifier.issn2459-0762en_US
dc.identifier.issue1
dc.identifier.startpage179
dc.identifier.urihttps://hdl.handle.net/11729/5403
dc.identifier.urihttp://dx.doi.org/10.17261/Pressacademia.2023.1685
dc.identifier.volume16
dc.institutionauthorTeker, Suaten_US
dc.institutionauthorTeker, Dileken_US
dc.institutionauthorOrman, Irmaken_US
dc.language.isoenen_US
dc.peerreviewedYesen_US
dc.publicationstatusPublisheden_US
dc.publisherPressAcademiaen_US
dc.relation.ispartofPressAcademia Procediaen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectChinaen_US
dc.subjectTurkeyen_US
dc.subjectWorld tradeen_US
dc.subjectInternational tradeen_US
dc.subjectDe-globalizationen_US
dc.subjectBilateral tradeen_US
dc.titleInternational trade between Turkey and Chinaen_US
dc.typeArticleen_US

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