FOREIGN TRADE SPECIALIZATION LEVEL OF THE FRAGILE FIVE ECONOMIES: COMPARATIVE SECTORAL ANALYSIS

Abstract

In this study, it is aimed to measure the level of foreign trade specialization and the global competitiveness of the Fragile Five Economies (Brazil, India, Indonesia, South Africa and Turkey) most affected decision of the FED in the May 2013. In this context, the Net Trade Index and the Export-Import Ratio Index with reference to the foreign trade of the countries in question are calculated. Scores obtained as a result of analysis of the indices in question show that the Fragile Five Economies are predominantly specialized in exports of raw materials and labor intensive sectors. This shows that the mentioned economies do not have competitiveness in the production and exports of high value added sectors (products)