{"id":23622,"date":"2017-12-10T14:16:00","date_gmt":"2017-12-10T11:16:00","guid":{"rendered":"https:\/\/componentbyozdisan.com\/?p=23622"},"modified":"2025-01-27T11:43:45","modified_gmt":"2025-01-27T08:43:45","slug":"growth-in-export-triggers-economic-growth","status":"publish","type":"post","link":"https:\/\/componentbyozdisan.com\/en\/growth-in-export-triggers-economic-growth\/","title":{"rendered":"Growth in Export Triggers Economic Growth"},"content":{"rendered":"
\n
\"growth\"
F\u0130L\u0130Z BAYCAN
EXPORT MANAGER<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n

Today, a rapid change and development process is taking place in global economy due to the influence of the globalization. The increase in export creates an important driving force for growth both in the national economies and in companies. We can summarize the main effects of foreign trade on growth as export growth, the effect of understanding the foreign markets, a more entrepreneurial company structure, more advanced resource allocation, integration of technical knowledge and skills, as well as enhanced marketing and production capabilities with increasing international experience.<\/p>\n\n\n\n

The current competition environment in expanding to global markets makes the formation of an effective price mechanism mandatory. In economies aiming for an export-based growth, export activities are one of the most important determinants of growth in production and employment. An increase in export, in other words the foreign demand for a country\u2019s goods, also creates an increase in the volume of production and level of employment, provided that there is no shrink in domestic demand. Increased export reduces the foreign exchange pressure or deficit by increasing the foreign exchange inputs. The growth in export also creates a growth in company\u2019s productivity, as well as reduces the negative impacts of possible fluctuations in the domestic market. Ozdisan Elektronik sees increasing its export sales among its most principle objectives.<\/p>\n\n\n

\n
\"growth\"<\/figure>\n<\/div>\n\n\n

Exports affect economic growth in the following ways:<\/p>\n\n\n\n

    \n
  • By increasing the effectiveness of investments,<\/li>\n\n\n\n
  • By providing companies with access to major markets and increasing their production scale,<\/li>\n\n\n\n
  • By increasing savings or foreign capital,<\/li>\n\n\n\n
  • By reducing the rent collecting activities and monopolization that may arise due to commercial restrictions,<\/li>\n\n\n\n
  • By forcing domestic manufacturers to compete and making them open to innovations.<\/li>\n<\/ul>\n\n\n
    \n
    \"\u0130hracat<\/figure>\n<\/div>\n\n\n

    When assessed on a global basis, the increase in export also affects economic growth by increasing the interaction between industries and accelerating the technological progress. Therefore, an increase in export can be considered a prerequisite for growth. The main function of an export-oriented foreign trade policy is to ensure the integration of the national economy with global economy in the long term by preparing the established and\/or future industries for competition.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Today, a rapid change and development process is taking place in global economy due to the influence of the globalization. The increase in export creates an important driving force for growth both in the national economies and in companies. We can summarize the main effects of foreign trade on growth as export growth, the effect […]<\/p>\n","protected":false},"author":1,"featured_media":23623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2277,2079,1742],"tags":[2278,2190],"class_list":["post-23622","post","type-post","status-publish","format-standard","has-post-thumbnail","category-2-issue","category-expertopinion","category-issues","tag-2-issue","tag-expertopinion"],"yoast_head":"\nGrowth in Export Triggers Economic Growth - Component By \u00d6zdisan<\/title>\n<meta name=\"description\" content=\"growth as export growth, the effect of understanding the foreign markets, a more entrepreneurial company . 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