Applicability of Barter Method in Foreign Trade Transactions between D-8 Countries


AKSU M., GÜRBÜZ A.

TARIH KULTUR VE SANAT ARASTIRMALARI DERGISI-JOURNAL OF HISTORY CULTURE AND ART RESEARCH, cilt.6, ss.578-592, 2017 (ESCI İndekslerine Giren Dergi)

  • Cilt numarası: 6 Konu: 6
  • Basım Tarihi: 2017
  • Doi Numarası: 10.7596/taksad.v6i6.1223
  • Dergi Adı: TARIH KULTUR VE SANAT ARASTIRMALARI DERGISI-JOURNAL OF HISTORY CULTURE AND ART RESEARCH
  • Sayfa Sayısı: ss.578-592

Özet

Economic crises, which are experienced every 10 years, increase the obligation to use alternative methods in foreign trade. One of the main ideas advocated by governments to develop the economy is to encourage local expenditures. However, it is not clear how this policy will motivate behavior change. Although local currency initiatives are becoming increasingly popular, some practicalities are seldom successful in promoting long-term spending on expenditure behaviors. It is important to develop the (BARTER) system to overcome some limitations of local currencies. Barter system is seen as an important source of funding for foreign trade in context of many countries. Given the rising of cost due to crises and the volatility of local currency value, the barter system is an effective way to reduce costs, improve business efficiency and free up stocks.