Geri Anasayfa

Detay


The Effectiveness of Orthodox and Heterodox Economic Policies in the Elimination of Froeign Trade Deficit : The Brics Countries and Turkey Comparison

Abstract
Foreign trade has always been important for countries. The most concrete example of globalization, foreign trade, which is the basic dynamic of growth and development, has forced the countries to catch up with the increase in exports and to direct their foreign trade. The foreign trade deficit is one of the most important issues in terms of the economic world has been one of Turkey's most important economic problems. For this reason, countries had to implement different economic policies. Economic policies consist of plans for the continuation of the assets of the countries and their economic structures in order to be more powerful. Countries define these plans and programs as economic policies they provide for their economic development. Countries face many structural problems in their economic activities. These problems emerge as political, economic and social problems. The foreign trade deficit is one of the most important issues in terms of the economic world has been one of Turkey's most important economic problems. For this reason, countries had to implement different economic policies. Because the different institutional structures in the historical process, the different types of trade parties, the different economic policies applied, etc. caused different economic problems of countries and different economic policies have led to the realization of applications. Economic policies consist of plans for the continuation of the assets of the countries and their economic structures in order to be more powerful. Countries define these plans and programs they develop as economic policies as economic policies. Economic policies are divided into two types. The first is Orthodox policies and the second is heterodox policies.

Keywords
Foreign Trade, Stability Programs, BRICS, Liberalization