Restrictions on Overseas Trade in Turkey Case Study

Restrictions on Overseas Trade in Turkey - Case Study Example Turkey being a natural bridge between the old continents of Asia, Africa and Europe, has a vast scope of overseas trading. But still the government of Turkey plonk restrictions on overseas trade. (Fletcher, 2006) The investment climate of Turkey, that forms barriers for any outsider, whether large or small, domestic or foreign, cause problems that affect all economic sectors of the country, particularly the telecommunication sector. The major problems which agitate Turkey's economy are shortage of well functioning capital market, limited expertise in banking system and technologically oriented companies, partial regulatory process that always intend to restrain new companies and buoy up existing companies, specially those belonging to prominent business families of the country. Companies in Turkey both the private enterprises and public enterprises specially, suffer from corruption in various levels of the organizational hierarchy. The judicial system of the country, up to some extent, can be suspected to be influenced by external political and commercial mal forces. Growing personal and political relationship between government officials and business representatives form the basis of corruption, which appears to be the most serious problem biting up the economy of the country. Barriers in investment of the private sectors and the foreign companies in the markets in Turkey is also a matter of concern. The Bilateral Investment Treaty (BIT) between Turkey and United States of America came into force in May 1990. Due to liberal investment regime of turkey, foreign investors are provided with national treatment in the country. In Turkey companies possessing foreign capital are treated as local companies. Regardless of nationality, private sector investments are always hindered by the facts like political and economical uncertainty, lack of judicial stability, and unwarranted bureaucracy, and high tax rate, unpredictable changes in legal and regulatory environment, fragile framework for corporate governance etc. All areas except finance and petroleum sectors are fully open to foreign participation. Though the petroleum and financial areas are open to the private sectors and foreign investors in Turkey, Special permission is required for the foreign companies to establish business in these sectors. (Lamb, 2006) Foreign share holders have restricted equity participation ratio, such as near about twenty percent in Broadcasting industry, forty nine percent in aviation, marine transportation and value added telecommunication services industries. Sometimes arbitrary legislative action under cut the rationale for the investments of the foreign companies committed to the Turkish market. International settlement of investment disputes between foreign investors and the state remain bonded by efforts of the government of turkey, following the inscriptions mentioned in the Bilateral Investment Treaty (BIT) signed by both the concerned parties. For several years the government of Turkey was providing concessions in public services, to the private investors and specially the foreign investors. According to the

Persuasive Presentation Essay Example | Topics and Well Written Essays - 500 words - 2

Persuasive Presentation - Essay Example How many of you feel that guns are necessary and imperative for self-protection? How would you feel if you knew how many people die of the gun each day? Our society has socialized as to acknowledge guns as a beautiful and powerful device but never mention how many people lose their life through it. The magazine, videos, and the internet depict gun ownership as a prestigious phenomenon without informing us on how many people died from gun-related incidences either as innocent or guilty victims. Unfortunately, most gun owners kill their loved ones including their partners and children. Having easy access to guns increases the risks of and opportunity for fatal violence. When individual without a stable emotions or tempers owns guns, the likelihood of involvement in violence is high when they are provoked. Imagine a violent father who regularly beats his wife and threatens to kill her has a gun at such a time of great emotion. Do you think he would hesitate to pull the trigger? Such a scenario might seem to be strange in the ‘civilized America where wife beating is presumed to be a retrogressive practice. Unfortunately, a few months ago, a friend of my uncle shot his wife because of a simple domestic argument. Regrettably, he realised that he had killed his wife when it was too late. Another instance occurred in a public Restaurant where a waiter provoked a drunken man, and he removed his handgun and shot her in the chest; she died instantly. Guns are a risk to the owner and children in the family. According to the Childrens Defence Fund and National Center for Statistics, approximately eight children die each day, and about fifty die every week due to gunfire. Additionally, five times as many children and teenagers suffer fatal injuries related to firearms. It is not once that the media has reported a juvenile death related to improper handling of the