EN - FR - Yükselen Afrika ve Türkiye / Rising Africa and Turkey 3
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EN - FR - Yükselen Afrika ve Türkiye / Rising Africa and Turkey 3

EN - FR - Yükselen Afrika ve Türkiye / Rising Africa and Turkey 3 EN - FR - Yükselen Afrika ve Türkiye / Rising Africa and Turkey 3

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16.07.2015 Views

186 Yükselen Afrika ve Türkiye / Rising Africa and Turkeyle of Foreign Direct Investment, UN: New York, Geneva, p. 115.UNCTAD (2005), Trade and Development Report 2005, New Features ofGlobal Interdependence, UN: New York, Geneva, p. 204.Official StatisticsWorld Development Indicators, 2005.T.C. Baflbakanl›k, D›fl Ticaret Müsteflarl›¤› ‹statistikleri (Republic of Turkey,Prime Ministry, Undersecretary for Foreign Trade Statistics), 2005.

The New Turkish-African Economic Relations 187Notes1The main difference of influence comes from different labour market conditionsSender John, Cramer Chris, Oya Carlos (2005). In Turkey recent productivity gains dueto flexible labour markets and lower wages realized after the customs union agreementwith the EU. Price formation for low-skilled manufactures in Turkey very muchresembles to that of primary commodities. In Africa relative decline in export prices forprimary products has been associated with lower volume growth (and vice versa), dueto the much lower price elasticity of demand. On the export side, the impact differsaccording to the shares of manufactures and primary commodities, and on the importside, it is especially the dependence on fuels and industrial raw materials that determinesthe outcome for individual countries. The same factors that improved the terms oftrade of some groups of countries, especially the higher prices of oil and minerals andmining products, led to a worsening of the terms of trade in others.2Since 2002, some of the African countries with a high share of oil, and mineralsand mining products in their total exports have improved their terms of trade. Amongthe countries with a dominant share of exports of minerals and mining products, exportersof uranium (Niger) and copper (Zambia) saw the strongest improvements in theirterms of trade. Mozambique an exporter of bauxite and aluminium saw a slight deteriorationin its terms of trade between 2000 and 2004. Cotton exporters, Benin and BurkinaFaso, the terms of trade were subject to wide fluctuations around a declining trendduring the period 2000–2004. In Malawi, terms of trade declined dramatically since2000, due to weakness in the prices of tobacco and sugar. Coffee-exporting Burundiwitnessed a slight improvement in the terms of trade in 2003 and 2004 and in Coted’Ivoire, the world’s leading cocoa exporter, the terms of trade rose by more than 20%between 2000 and 2004. Briefly, since 2000, Africa’s terms of trade have risen morethan those of the other regions as a result of higher demand for certain primary commodities.3Mr. Bekir Çoflkun known as the most respectable and allegedly sensitive columnistof Hürriyet, notorious with his frequent campaigns for animal welfare wrote thefollowing words on 27 December 2005, “while the ‘legality’ works much better evenin the African tribes, how could you call a country like this (Turkey – S.A.) a ‘state oflaw?’. (Afrika kabilelerinde dahi ‘hukuk’ daha iyi ifllerken, böyle bir ülkeye nas›l ‘hukukdevleti’ dersiniz?).4The whole reporting of the plot seems like coming out of a 1968 movie called“The Dark of the Sun” with Rod Taylor in it, leading a group missionary soldiers on amission to help rescuing (!) a Belgian company’s diamonds from falling into the handsof an African national liberation movement. Or the plot is almost similar to the story-

186 Yükselen <strong>Afrika</strong> <strong>ve</strong> Türkiye / <strong>Rising</strong> <strong>Africa</strong> <strong>and</strong> <strong>Turkey</strong>le of Foreign Direct In<strong>ve</strong>stment, UN: New York, Geneva, p. 115.UNCTAD (2005), Trade <strong>and</strong> De<strong>ve</strong>lopment Report 2005, New Features ofGlobal Interdependence, UN: New York, Geneva, p. 204.Official StatisticsWorld De<strong>ve</strong>lopment Indicators, 2005.T.C. Baflbakanl›k, D›fl Ticaret Müsteflarl›¤› ‹statistikleri (Republic of <strong>Turkey</strong>,Prime Ministry, Undersecretary for Foreign Trade Statistics), 2005.

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