Applicability of Barter Method in Foreign Trade Transactions between D-8 Countries
Küçük Resim Yok
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Karabuk Univ
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Economic crises, which are experienced every 10 years, increase the obligation to use alternative methods in foreign trade. One of the main ideas advocated by governments to develop the economy is to encourage local expenditures. However, it is not clear how this policy will motivate behavior change. Although local currency initiatives are becoming increasingly popular, some practicalities are seldom successful in promoting long-term spending on expenditure behaviors. It is important to develop the (BARTER) system to overcome some limitations of local currencies. Barter system is seen as an important source of funding for foreign trade in context of many countries. Given the rising of cost due to crises and the volatility of local currency value, the barter system is an effective way to reduce costs, improve business efficiency and free up stocks. It is of great importance for countries to keep good relations with their relative states. Similarity in race, religion or tradition allows the world system to establish a common understanding. The D-8 organization established for this purpose appears as one unit of dynamic and young population from lands of three continents. However, despite this potential, the D-8 countries are having trouble on getting into action exactly. Present research sought to analyze how Turkey can improve foreign trade with D-8 countries by using barter system and how to supply products and product groups with money substitutes.
Açıklama
Anahtar Kelimeler
Barter system, D-8 organization, Foreign trade
Kaynak
Tarih Kültür Ve Sanat Araştırmaları Dergisi-Journal of History Culture and Art Research
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
6
Sayı
6