discussion Economic Measures and Physical Infrastructure

Description

Consider the data collected and make some observations on the stability and strength of the economy in your project country. What do high and low levels of unemployment indicate? What does the exchange rate regime tell you about the economy? Consider the presence of existing industries and identify areas of opportunity or risk. Also consider the logistics of shipping and distribution based on physical infrastructure.


Economic Measures and Physical Infrastructure
Economic Data:
Interest Rates (Trading Economics, 2019)
0.0%
Unemployment (Central Intelligence Agency)
6.7% (2017)
Inflation (Central Intelligence Agency, 2019)
0.3% (2017)
GDP real growth rate (Central Intelligence
Agency, 2019)
7.2% (2017)
Exchange Rates (Central Intelligence Agency,
2019)
0.885 Euro= $1 USD ( 2017)

Exchange Rate Regime (Central Intelligence
Agency, 2019)
Free floating
GDP (Central Intelligence Agency, 2019)
331.5 billion (2017)
Labor Force (Central Intelligence Agency, 2019)
2.226 million (2017)
Major Industries (Central Intelligence Agency,
2019)
machinery and equipment, computers, chemicals,
medical devices, pharmaceuticals; foodstuffs,
animal products
FDI Rates (International Trade Centre, 2019)
14,525.0 (2016)
Physical Infrastructure:
Major Airports/Seaports
Seaports with container liner service (World Port
Source, 2019): Aughinish, Bantry, Dublin,
Foynes, Galway, Sligo.
Airports ( Irish Tourist, 2019): Belfast City
Airport(BHD), Belfast International Airport
(BFS), Cork Airport (ORK), Derry Airport
(LDY), Donegal Airport (CFN), Dublin Airport
(DUB), Ireland West Airport Knock (NOC),
Kerry Airport (KIR), Shannon Airport(SNN),
Waterford Airport (WAT).
Railway Stations (Seat 61, 2019)
Illustration below
Internet Users (Central Intelligence Agency, 2019) total: 4,069,432 (July 2016)
Mobile Providers (switcher, 2019)
Three, Eir Mobile, Vodafone
Logistics Performance Index Rating (The World
Bank, 2019)
Rank: 26 (2018)
Score: 3.59 (2018)
Major Railway Stations and Lines
(Seat61.com, 2019)
“alt tag” = Map showing major rail, bus, and ferry routes in Ireland
Business Observations:
https://tradingeconomics.com/ireland/interest-rate
https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?locations=IE
https://www.investmentmap.org/prioritySector.aspx?selCtry=IRL&selInds=&selOpt=inward&selYear=
https://www.cia.gov/library/publications/the-world-factbook/geos/ei.html
http://www.worldportsource.com/ports/index/IRL.php
https://switcher.ie/mobiles/guides/switching-mobiles/best-mobile-phone-coverage-in-ireland/
https://www.seat61.com/Ireland.htm
INT 113 Module Five Discussion Sample: Economic Measures and Physical Infrastructure
Economic Data:
Interest Rates
Unemployment (Central
Intelligence Agency, 2015)
Inflation (Central
Intelligence Agency, 2015)
GDP real growth rate
(Central Intelligence
Agency, 2015)
Exchange Rates (Central
Intelligence Agency, 2015)
Exchange Rate Regime
(International Trade
Centre, 2015)
GDP (Central Intelligence
Agency, 2015)
Labor Force (Central
Intelligence Agency, 2015)
Major Industries (Central
Intelligence Agency, 2015)
FDI Rates (International
Trade Centre, 2015)
7.5%
9.4% (2014)
8.9% (2014)
2.9% (2014)
1 Turkish lira = $ .37 USD
Floating
813.3-billion (2014)
27.56-million
Textiles, food processing, automobiles,
electronics, mining, steel, petroleum,
construction, lumber, paper
10,002.0-million (Inflow as of 2012)
Physical Infrastructure:
Major Airports/Seaports
Railway Stations (Government websites)
Internet Users (Central Intelligence Agency,
2015)
Mobile Providers (txtNation, 2015)
Logistics Performance Index Rating (The World
Bank, 2015)
Seaports with container liner service (World Port
Source, 2015): Akdeniz, Ambarli, Derince,
Gemlik, Haydarpasa, Istanbul, Izmir, Mersin
Airports (World Aero Data, 2015): Adnan
Menderes, Akinci, Ataturk, Dalaman, EFES,
ERHAC, Erkilet, Esenboga, Guvercinlink,
Illustration below
27.233-million (2009)
Turkcell, Vodafone Turkey, Avea
Rank: 34
Score: 3.42
Major Railway Stations and Lines
(Seat61.com, 2015)
“alt tag” = Map showing major rail, bus, and ferry routes in Turkey
Business Observations:






Shipping and distribution should be made easy with the access to numerous port cities, airports, and railways
states.
The LPI rating for Turkey is slightly less than that in the United States and Germany, indicating some question of
reliability, but nothing of major concern. While infrastructure and customs performed lower, shipments were
very reliable. The infrastructure and logistics support frequent shipments and trade (The World Bank, 2015)
Foreign investment into Turkey is strong, but unemployment and inflation rates are high compared to the
United States. The exchange rate is appealing if looking to import from Turkey.
The exchange rate regime in Turkey has changed several times in recent years. The current regime is more
liberal in nature (Yased, 2015). The exchange rate in Turkey is still monitored and intervention is applied if
necessary.
If a dip in the value of the lira occurs compared to the U.S. dollar, demand for U.S. imports will decrease. In the
same scenario, a dip in the value of the lira compared to the U.S. dollar, demand for Turkish exports will
increase.
Based on the existing industries, clothing manufacturing might be a possible investment area due to the
strength of textile manufacturing. There would also be easy access to Europe and parts of Asia.
References
Central Intelligence Agency. (2015). The world factbook: Turkey. Retrieved from
https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html
International Trade Centre. (2015). Investment map. Retrieved from
http://www.investmentmap.org/prioritySector.aspx?selCtry=TUR&selInds=&selOpt=inward&selYear
Seat61.com. (2015). A beginner’s guide to train travel in Turkey. Retrieved from
http://www.seat61.com/Turkey2.htm#.VZMBdvlVhBc
The World Bank. (2015). Logistics performance index: Global rankings 2016. Retrieved from
https://lpi.worldbank.org/international/global/2016
txtNation. (2015). All countries – List of mobile operators by country (slow loading). Retrieved from
https://clients.txtnation.com/entries/301118-All-Countries-List-Of-Mobile-Operators-By-Country-slow-loading
World Aero Data. (2015). Airports in Turkey. Retrieved from http://www.worldaerodata.com/countries/Turkey.php
World Port Source. (2015). Turkey: Port index. Retrieved from http://www.worldportsource.com/ports/index/TUR.php
Yased. (2015). Exchange rate regime. Retrieved from
http://www.yased.org.tr/webportal/English/yoic/Business/Pages/ExchangeRateRegime.aspx

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