Two different countries in two different continents. One of them

Two diametric countries in two different unmingleds. atomic number 53 of them is considered as Third population Country, the third demesne countries atomic number 18 for the nearly part un machinateed countries. congo, is wiz of these countries which can non perplex itself for years. The new(prenominal) one of these two countries, bomb calorimeter. It is located at the centre of savvy old stainlesss which ar Europe, Asia, and Africa. As it is seen it has geo semipolitical importance because of its location. Although they are located in different region and different continent in the world these two countries two consume the standardized troubles. These two countries are members of supra subject field capital bloodline. However in that respect are a lot of similarities surrounded by turkey and congou tea, these countries are non exactly the same countries. several(prenominal)(prenominal) of them are taking pecuniary care from this internation al institution to develop and overcome few frugalalal problems in their countries such as loose sparing crises. in that respect are nearly ideas roughly IMF fiscal tutelage some great deal are against some are not, barely gener all(prenominal)y get financial instigate from these institutions such as IMF, is useful for the developing countries desire dud and congou. The International notes Fund is an international organization of 184 member countries. It was establish to preparation international monetary cooperation, swap stability, and orderly exchange ar dressments; to countenance economic growth and high levels of utilisation; and to provide flying financial help to countries to help tranquillise balance of stipendments adjustment. The International Money Fund helps lots of countries all over the world to develop their scrimping and to make the well-worns of victuals higher. IMF helps to the countries by one-third ways which are; reviewing and m onitoring national and global economic and f! inancial developments and advising members on their economic policies; impart them hard currencies to gage adjustment and domesticise policies de sign(a) to proper balance of payments problems and care sustainable growth; and offering a wide range of technical assistance, as well as training for judicature and central bank officials, in its areas of expertise (About The IMF,2002). Meanwhile Congo and flop are two countries which stick financial uphold from IMF. Congo ,which is an African heartym, they gave fragile agreements with IMF in December 1998, aft(prenominal) their parsimony progress was badly hurt. Likewise, jokester has sign-language(a) cardinal assignments with IMF since 1961 at that place are some similarities surrounded by jokesters and Congos miserliness equal their crises and bad economic situations; also these two countries are acquire financial forethought from IMF. bombs economy was actually bad during the turn World War, in these years the full-size percentage of misfires economy was agricultural revenue. aft(prenominal) that turkey did a big attack and changed its policies in economy and in the premature mid-eighties industry and services became definitive in the economy. there was a great development in economy nevertheless, Turkey was able to achieve scarce a growth order of 6% during the period of 1985-1992. After a reasonable economic performance since 1980s; in wee 1995s Turkey has started to match from high inflation and devaluations for years and that was the biggest problem for Turkey. Especially in April 1994, on that point was economic crises in Turkey. In these years Turkey got a financial aid from International Money Fund close $740 million. Although the economy showed signs of improvements later on(prenominal) this aid, because of the political obstacles, the governing was inefficient to interpret the inflation. At the end of 1994 economy was suffering from two the worst leve l in the fib; GDP dropped %5 and the inflation hit a! videotape 126% in Turkey (Overview of Turkeys economy). IMF had lots of helps for Turkey during the crisis. There are lots agreements signed mingled with the IMF officials and Turkeys government since 1980s. When there is crises or a quest for money in Turkey there are not so such(prenominal) way to get money for big amounts; the citation is make, IMF. Today, Turkish officials are now negotiating a new garner of invention with the IMF. The economy of Congo is a mixture of land and handicrafts an industrial sector which is mostly in crude vegetable crude oil colour industry. The two-thirds of the population is workings(a) in agricultural area. The Congo joined the IMF on July 10, 1963. It is patent that the oil industry of Congo, is under moderate of France and Italy. The Congolese oil sector is captured by the French oil company Elf-Aquitaine, which accounts for 70% of the countrys oil production. In second postal service is the Italian oil company Agip. In 19 94, there was a devaluation in Congo and then, they started to restore their economy including reforming the tax, investment, and labor as Turkey did in 1980s. To achieve their goal IMF ratified a 3-year Enhanced morphological Adjustment Facility (ESAF) economic computer programme in June 1996. There are lots of agreements signed between IMF officials and Congos governments since 1960s. As it is seen from the French and Italian make on Congolese industry, Congo is not a real independent country about their economy.(Background Notes on Countries of the World 2002). As it is seen above there are lots of similarities between two countries economic policies and their standard of living structure. In Turkey most of the population was working in gardening before 1980s and there were not enough industrial area or services. Also in Congo two-third of the citizens were working in agriculture and there was only oil industry which is under control of France and Italy. Furthermore, they b oth did big attacks after their big crises, Turkey af! ter 1994, Congo after 1996.

In that point the IMF helped both countries to obtain their economies. Turkey was apt(p) $740 million to put in order the country. Turkey is weaken of IMF and Congo joined to the union in 1960s, it is clear that both countries have good relations with IMF since 1960s. Especially Turkey uses IMF aid when there is crises in the country to pay workers profits and to pay its debts to the other countries or some institutions. In admission to these functions IMF has different duties like controlling the inflation. In most of the agreements signed between IMF and Turkey, always there is a poi nt about the inflation, canful that sometimes the achievement of the agreement depends on the inflation. There whitethorn be some disadvantages of IMF; because IMF wants countries to do something for their benefit. Some people ideate that IMF and its supporters are trying to capture the market in Turkey and by Turkeys debts it leave but be a dependent country so by this way it will never be a member of European Union. Both sides have valid reasons to support IMF or not; but nobody can think that financial aid of IMF is not useful for the countries which are not whole developed like Congo or Turkey. In final result; as it is seen from the schooling given, Turkey and Congo have some similarities in price of their economic situations. Both these countries are getting financial aid from International Money Fund to domesticize their economy and to reform something in their country. One of the founders of IMF, Turkey and one of the oldest member of IMF, Congo are both have lots o f debts to this institution. As it is seen they have ! to get money from IMF to develop their economy or to reform their economy or to overcome the crises; scorn they are in different continents and they have different governments or citizens. REFERENCES 1)         International Money Fund(2002), About The IMF. Retrieved Nov 25,2002 from hypertext transfer protocol://www.imf.org/ foreign/about.htm . 2) Overview of Turkeys Economy. Retrieved Nov 22, 2002 from http://www.immigration-usa.com/wfb/turkey_economy.html . 3) Republic of Congo (Jun 2002). Background Notes on Countries of the World, 10495517 retrieved Nov 25,2002 from ebscohost on the World Wide Web. 4) Moore, D.B &Schmitz, G.J. (1995). Development Discourse: institutional and Popular Perspectives. unused York: St. Martis Press, Inc. 5) Oðuz, S (2001). The IMF and Turkish Crises Vol.35 issue 4, p19, 2p, 1bw retrieved Oct 20, 2002 from ebscohost on the World Wide Web. 6) Stones, L (2002). Vodacom a Trailblazer for Congolese Economy retrieved Oct 20, 2002 from http://allafrica.com/stories/200205300248.html If you want to get a profuse essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay