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Yayın International trade between Turkey and China(PressAcademia, 2023-02-01) Teker, Suat; Teker, Dilek; Orman, IrmakPurpose- 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.Yayın Turkiye as a regional hub(PressAcademia, 2024-01-15) Dilek, Teker; Teker, Suat; Orman, IrmakPurpose- This study examines Türkiye's strategic importance and potential to serve as a pivotal regional hub for businesses. The study alsoinvestigates the various fields of businesses for being a potential hub. A review of common concerns that needs further developments are analysed. Methodology- The study utilizes an analytical literature survey and investigates the various business fields for becoming a regional hub. Findings- Turkiye is the 7th largest economy by GDP in Europe by IMF among 22 countries for the year 2022. Turkiye is ranked as the 1st in ease of setting and welcoming categories at Expat Explorer Index, and 7th in the world in the year 2019. More, Turkish international airports serve for 342 direct flights for 128 countries with Turkish Airlines and proximity to these markets with a total GDP of 46 trillion USD within 4 hours flight. Conclusion- Turkiye's unique geographical position bridges Europe and Asia providing a natural gateway between the East and the West. Proximity to major markets enhances its appeal as a strategic center for trade and commerce. Ongoing investments in infrastructure, including transportation networks and logistics facilities, are positioning Türkiye as a key hub for the efficient movement of goods and services. Modern ports, airports, and road networks facilitate seamless connectivity within the region. Türkiye's growing economy attracts foreign investments, fostering the development of financial services and encouraging multinational companies to establish reg ional headquarters.Yayın Export potential of Turkish SMEs(Suat Teker, 2024-07-30) Teker, Suat; Teker, Dilek; Orman, IrmakPurpose- Digital channels are gaining more and more share from trade and commerce, especially after Covid 19 pandemic. People have adopted to online buying and marketplaces became important retailing tools for manufacturers. E-commerce is rising not only in closed commercial areas but also across different countries, even continents with developments in cross-border e-commerce. Governments, global digital platforms, consumer habits are creating and supporting the demand of buying online from anywhere and numbers are showing that this creates an opportunity for Turkish businesses to become exporters. This study aims to highlight the potential for small and medium sized businesses in Turkey to become exporters. Methodology- The study examines historical export growth data of Turkey in detail using secondary data. The historical data is used to make a projection for future and highlight the potential of growth for Turkish SMEs. Current marketplace platforms’ business models are also examined and carefully analyzed to present an understanding of the potential business models. Findings- The numbers are showing that Turkish exports are growing in Europe and USA. Capex heavy industries have the highest share among the exports but e-commerce is also growing. Some industries like textile, jewellry and small appliences has a higher growth potential withing cross border e-commerce. Conclusion- Adoption to online retail is getting higher and higher. More people are buying from online marketplaces and the origin of the transaction is losing its importance with one-day deliveries. It is important to open shops not only physical but also on different platforms. It is easier for business owners to sell across the world and become exporters. By having international customers, businesses distribute regional risks and also become financially stronger. It is important for Turkish SMEs to understand their risks and seek international growth opportunities, such as doing exports. Turkey’s unique geographical location is a very important asset but Turkish businesses should keep in mind that all international producers are now seeking opportunities to create through online platforms.Yayın Impacts of cross-border e-commerce on growth of Turkish SMEs(Suat Teker, 2024-12-31) Orman, Irmak; Teker, SuatPurpose- Cross-border e-commerce has emerged as a critical enabler for the globalization of small and medium-sized enterprises (SMEs), particularly in the wake of the COVID-19 pandemic. This study explores the transformative impact of digital marketplaces, innovative payment systems, and logistics advancements on the internationalization of Turkish SMEs. Leveraging a mixed-methods approach, the research combines quantitative data analysis with qualitative insights from industry stakeholders. The findings highlight the significant role of platforms such as Amazon and Alibaba in reducing market entry barriers, the importance of secure digital payment systems in fostering trust, and the contribution of logistics innovations to the growth of small-package exports. By aligning with global consumer trends and leveraging digital tools, Turkish SMEs can overcome traditional trade barriers, enhance competitiveness, and access broader markets. The study concludes with strategic recommendations for policymakers and SMEs, emphasizing the need for regulatory support and investment in digital infrastructure to maximize the benefits of cross-border e-commerce. Methodology- The study was carried with a mixed-methods approach. Quantitative Analysis: Data from the Turkish Statistical Institute, Turkish Exporters Assembly (TİM), and global e-commerce platforms were analyzed to track export trends, marketplace performance, and consumer behavior. Qualitative Insights: Interviews with SME owners, e-commerce experts, and policymakers provided in-depth perspectives on challenges and opportunities. And as case studies, Successful Turkish SMEs from sectors like textiles and food were examined to identify strategies for internationalization. Findings- The COVID-19 pandemic has significantly accelerated e-commerce adoption in Turkey, leading to substantial growth in online spending and reshaping various sectors of the economy. Below are some of the main findings; platform Impact, global marketplaces significantly increase SME visibility and reduce market entry barriers; digital payment systems, enable secure, efficient transactions, fostering trust among international customers; small package exports, innovations in logistics, such as faster shipping, have fueled SME participation in global trade; post-Covid consumer behavior, the pandemic accelerated global e-commerce adoption, creating new opportunities for Turkish SMEs. Conclusion- Cross-border e-commerce represents a transformative opportunity for Turkish SMEs, enabling them to overcome traditional barriers and compete effectively in global markets. By leveraging digital platforms, payment innovations, and logistics advancements, SMEs can drive growth, internationalization, and competitiveness. Strategic support from policymakers will be crucial in maximizing the potential of this digital trade revolution.Yayın Evolution of digital payment systems and a breakthrough(Ms. M. B. Mondal, Ph.D., 2022-09-26) Teker, Suat; Teker, Dilek; Orman, IrmakThis analytical study examines the evolution of digital payment systems and the use by financial institutions and fintech companies in line with the changing user needs, along with the evolutionary developments in information technologies. It also makes a comparative analysis of digital payment platforms that are popularly used all over the world, e.g. PayPal, GooglePay, Wise. The introduction of the first ATM in 1967, the first contactless credit card payment in 1999, the introduction of blockchain in 2009, the emergence of GoogleWallet in 2011 and the introduction of Visa Click-topay in 2020 may be defined as the milestones of digital payment systems. Digital payment systems can be broadly classified as smart cards, online payments, mobile applications, blockchain transfers and biometric authentication. All payment systems in the world are generally shaped according to user needs. The exponential growth of e-commerce and the increasing influence of market regulators also contribute to shaping the future of payment systems. A decentralized monetary management is envisioned by the transition to a cashless economy, the emergence of new online financial institutions, and the adoption of blockchain and cryptocurrencies. It is concluded that the evolution of digital payment systems will expand convenience, refund, convergence, cross-border and time limitless transaction. With the increasing adoption of digital payment systems by all spenders, there is a clear transition towards a cashless economy. The current arguments in academic and professional platforms about the future of digital systems predict that by the 2050s, physical money will be completely out of circulation and these currencies will be replaced by virtual currencies that can easily be transferred over number of digital platforms.Yayın Sustainability of agriculture: agritech practices(International Strategic Management and Managers Association, 2023-12) Teker, Suat; Teker, Dilek; Orman, IrmakAgriculture is a fundamental sector for a global economic and social development. It provides food, fiber, and raw materials for industries and contributes to the livelihoods of millions of people worldwide. However, agricultural production faces several constraints such as climate change, limited resources, and population growth, among others. These challenges require sustainable solutions to ensure food security, maintain ecological balance, and improve livelihoods. Agricultural technologies provide innovative approaches to overcome these challenges, enhancing productivity, efficiency, and profitability. This paper provides a discussion that agricultural technologies could be a viable and sustainable solution for agricultural production constraints.Yayın Development of e-commerce in Turkiye: post COVID-19 era(IJOPEC, 2024-11) Teker, Suat; Teker, Dilek; Orman, Irmak; Şimşek, Sidar Atalay; Puwanendram, Gayathri; Şiriner, İsmailThe COVID-19 pandemic catalyzed a significant transformation in consumer behavior, accelerating the adoption of e-commerce worldwide. This study focuses on the development and growth of e-commerce in Türkiye during the post-COVID-19 era, examining the sector's expansion from 2020 onwards. Key factors contributing to this growth include increased internet and smartphone penetration, advancements in digital payment systems, and heightened consumer reliance on online shopping duringlockdowns. The analysis highlights how these shifts have not only enhanced domestic retail e-commerce but also positioned Türkiye as a rapidly growing e-commerce market globally, with a projected compound annual growth rate of 11.6% between 2024 and 2029. Additionally, the article explores opportunities for Turkish businesses to leverage cross-border e-commerce for international market expansion, emphasizing the strategic role of digitalization, logistics improvements, and government incentives. By presenting key data and trends, the study underscores Türkiye’s potential to strengthen its presence in global trade through e-commerce, driving economic growth and fostering innovation in its digital economy.
