2016 Socio-Economic Strategies

The economy has been enhanced by different organizations and tools day by day. Moreover, with the effect of globalization it has gained greater dimensions. Both developed and developing countries can be affected if any economic incident happens somewhere in the world. In today's competitive world, any country can manipulate its competitors by setting right economic strategies. Thus, in order to be a global power, countries do not need weapons anymore, unless they have right economic strategies and activities. Turkey and all the other countries in the world have been surrounded by economic networks such as banks, insurance companies, leasing and factoring organisations and other financial organizations. These affiliated institutions' assets and trading volume realized in both public and private sectors have dominated growing economic system financially. Emerging of the biggest crisis in the world due to economic and financial situations can be considered as an indicator of this situation. It is considered that economic and financial incidents, such as the collapse of financial markets, were the causes of the Great Depression of 1929 and the Financial Crisis of 2008.