GLOBAL SOURCING: A THEORETICAL STUDY ON TURKEY

Abstract

Global sourcing is to source from the global market for goods and services across national boundaries in order to take advantage of the global efficiencies in the delivery of a product or service. Such efficiencies are consists of low cost skilled labor, low cost raw materials and other economic factors like tax breaks and deductions as well as low trade tariffs. When we assess the case regarding to Turkey, global sourcing is an effective device for some firms. The domestic firms in Turkey at various industries are inclined to global source finished or intermediate goods from the world markets, finish the production process in Turkey and export. Eventually, on the one hand the export volume of Turkey increases, but on the other hand the import of a considerable volume of finished or intermediate goods bring about a negative trade balance and loss of jobs in Turkey. Therefore, the objective of this study is to assess the concept of global sourcing transactions on Turkey resting on comprehensive publications

Keywords

• Global sourcing, import, growth, effect, Turkey

Kaynakça

1. AKER, Şule (2008); “Major Determinants of Imports in Turkey” Turkish Studies, Vol.9, No:1, pp. 131-145.
2. AWOKUSE, Titus (2008); “Trade openness and economic growth: is growth export led or import-led?”
3. Applied Economics, Vol.40, pp.161-173. BALASSA, B. (1978); “Exports and economic growth: further evidence”, Journal of Development Economics, Vol.5, 181-189.
4. BALL, Donald; McCULLOCH, Wendell; FRANTZ, Paul; GERINGER, Michael; MINOR, Michael; International Business; McGraw Hill, Boston, 2004.
5. ÇAVUŞGİL, Tamer; KNIGHT, Garry; RIESENBERGER, John; International Business, Prentice Hall, New Jersey, 2008.
6. ÇETİNTAŞ, Hakan; BARIŞIK, Salih (2009); “Export, Import and Economic Growth: The Case of Transition
7. Economies”, Transition Studies Review, Vol.15, pp. 636-649. DANIELS, John; RADEBAUGH, Lee; International Business; Prentice Hall, London, 2001.
8. DANIELS, John; RADEBAUGH, Lee; SULLIVAN, Daniel; International Business; Prentice Hall, New Jersey, 2004.

9. DIN, Musleh-Ud (2004); “Exports, Imports and Economic Growth in South Asia: Evidence Using a
10. Multivariate Time-series Framework”; The Pakistan Development Review, Vol.43, No: 2, pp. 105-124. GEISHECKER, Ingo; GÖRG, Holger (2008); “Winners and losers: a micro level analysis of international outsourcing and wages”, Canadian Journal of Economics, Vol. 41, No:1, pp. 243 – 270.
11. GERNI, Cevat; EMSEN, Selçuk; DEĞER, Kemal (2008); “Import Based Exports and Economic
12. Development: The Turkish Experience Between 1980-2006”, II. National Economics Congress, İzmir, Turkey.
13. GÖRG, Holger; HANLEY, Aoife; STROBL, Eric (2008); “Productivity effects of international outsourcing: evidence from plant – level data”, Canadian Journal of Economics, Vol.41, No:2, 670 – 688.
14. HAYAKAWA, Kazunobu (2007); “Growth of Intermediate Goods Trade in East Asia”, Pacific Economic Review, Vol.12, No:4, pp. 511-523
15. HELPMAN, E; KRUGMAN,P; Market Structure and Foreign Trade, MIT Press, Cambridge, Massachusetts, HILL, Charles; International Business, McGraw-Hill, New York, 2009.
16. MULLEN, John; PANNING, James (2009); “Foreign Sourcing of Intermediate Inputs: Impacts on Unskilled
17. Labor in US Manufacturing Industries”, Eastern Economic Journal, Vol.35, pp. 160-173. SULLIVAN, Jeremiah; Exploring International Business Environments, Pearson Publishing, Boston, 1999. van BARGEIJK, Peter (2009); “Expected Extent and Potential Duration of the World Import Crunch”; KYKLOS, Vol.62, No:4, pp.479-487.
18. VERA, Leonardo (2006); “The balance-of-payments-constrained growth model: a north-south approach”,
19. Journal of Post Keynesian Economics, Vol.29, No:1, pp. 67-92.