Friday, June 29, 2012

The economy in Turkey

During our stay in Cankiri we had the chance to sit down with a teacher from the college and speak to us about the economy in Turkey. When driving from city to city in Turkey you notice that there is construction everywhere you turn. They are building malls, homes, business buildings that would create more jobs for the people.While we were in Cankiri we got to see the construction of the new campus that was being built for the university and to my surprise it was actually the biggest campus I had ever seen.

 In the lecture we saw an increase in jobs having to do with service, but they still had an amount of people doing jobs with agriculture which is important to Turkey. Also in walking through the streets, if you compared the number of homeless people outside in Turkey to the number in the United States it is definitely smaller to the U.S. There was just a few people outside asking for money and this is a sign that Turkey is at a Economic development. We learned the difference between Economic growth and economic increase which was that economic development refers to social and technological progress, while economic growth 
implies only an increase in quantitative output and it may or may not involve development.


Even though Turkey's GDP is not as good as the U.S. it is at a point where they could get better and maybe even one day become at the level of the U.S.

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