Evaluation of Logistics Performance Between Turkic Republics and Turkey

Abstract

Economic growth is an important concept that countries focus on and try to achieve by applying various strategies. Because a growing economy increases the welfare level of the people and enables countries to consolidate their existence. For this reason, many countries around the world are trying to develop their foreign trade activities, which is one of the most important driving forces of growth. In foreign trade, it is important that the movements of these products in the supply chain are carried out effectively and efficiently as much as the products produced. An effectively executed logistics system helps to reduce costs, increase efficiency, and gain competitive advantage. In other words, logistics, while providing the sectoral connection within the national economy, is the whole of the activities that connect the country's economy to the global economy, in other words, it is extremely necessary for the execution of foreign trade. A number of factors can affect the efficiency of logistics, including infrastructure, technology, and the regulatory environment. In our study, it is aimed to evaluate the competencies of Turkey and Turkic Republics, which have a common language, race, culture, and tradition, in the field of logistics and to reveal the relationship between logistics competency and economic growth. The logistics competence of the countries is represented by the Logistics Performance Index published by the World Bank. In addition, macroeconomic data consisting of GDP per capita, foreign trade and growth of these countries were obtained from the World Bank and compared between countries.