International Trade, Economic Growth, and Turkey

Abstract

International trade and economic growth are two substantial issues that have been debated over decades. Whether international trade and especially exports lead economic growth or economic growth causes exports have been on the agenda of scientists. By means of international trade, a country can have access to potentially scarce sources of capital, technology, knowledge, know-how, etc. Through having access to such resources, a country shall develop its economic, production, and commercial structures and eventually develop the country as a whole. Moreover, the development of a country shall lead to the enhancement of the overall welfare. Thus, the aim of this study is to review the literature on international trade and economic growth as well as scrutinize these issues on Turkey comprehensively. With the statistical data presented in this study, one can conclude that Turkey has always been subject to negative trade balance, which is not beneficial to its economic performance.