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How Does The Relationship Between America And Iraq Influences Turkey?

1070 words - 4 pages

Turkey is an unrecognized victim ofThe tension between America and IraqAccording to the American government Iraq is a serious danger for the world and supports terrorism, especially radical Islamic terrorism. America applies political and economical sanctions that prevent Iraq's development and so the relation between America and Iraq is always under high tension which has recently resulted in wars. The tension between America and Iraq has created an economic crisis for Turkey which neighbour and has associated boundaries with Iraq. There is an economic crisis in Turkey because of loss of investment, loss of tourism, a possible influx of Kurdish refugees and loss of trade which are effects of this high tension.To begin with, loss of investment in Turkey which America-Iraq tension causes takes a role in economic crisis of Turkey. Iraq has 12 % of world petroleum resources in other words Iraq has the right to comment on petroleum markets (Ersanel N). Related to relation with America, Iraq can stop producing petroleum and in a limited time period oil prices increase in Turkey as Turkey provides most of its oil necessity from Iraq. Since all shopping is indexed to oil prices, the unknown in oil prices creates uncertainty among investors. Since the investors are not sure about the future of their investing which may or probably may not yield profit, they prefer to put their money in loan instead of founding a factory. In addition, insecurity in the region stands as an obstacle for them. As the tension between America and Iraq has recently resulted in wars, a probable war causes insecurity in the region. The same investors also think about their factories's possibilities of being targets of American F16's bombs and Iraq's rockets. And so they cannot be confident about investing shortly money goes to loan instead of factories. As it is seen, uncertainty in oil prices and insecurity in the region which are results of tension between America and Iraq cause decrement in investment in Turkey which leads an economic crisis in Turkey.Secondly, loss of tourism, result in lack of 4 billion $, is another harmful effect of America-Iraq tension on the Turkish economy. Turkey with its historical and natural beauties provides wonderful holidays for tourists from all over the world and attracts 10 million tourists every year. The great amount of money that the tourists leave back has an important place in Turkey's budget. However, as a result of America-Iraq tension, during the tension and especially after The Gulf War Turkey's tourism mining obviously decreased, because America-Iraq tension cause insecurity in the region. As Turkey is ally of America, in a viable America-Iraq war South and East of Turkey are probable targets of Iraq's rockets. When potential tourists learn this reality, they decide not to choose Turkey for holiday as they think their lives are under dangerous. For example, Vural Öger who is the manager of an important tour company in Europe...

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