Applicability of Barter Method in Foreign Trade Transactions between D-8 Countries

Küçük Resim Yok

Tarih

2017

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

Künye