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Unformatted text preview: war on terror in the Middle East. The geographic location of Turkey provides the US with ideal facilities and strategic staging areas for operations. Turkey has also been victims to terrorist attacks so they sympathize with the United States. During the Gulf War, Turkey and the United States were strong allies but President Turgat Ozal was not all that willing to allow the U.S. to use Turkish facilities to conduct attacks against Iraq. Turkey has been suffering from the impacts of the Gulf War for more than a decade. It incurred a $30 billion-a-year bill due to the drastic decline of trade and tourism income. The economic sanctions against Iraq and the cost of shutting down the Iraqi oil pipeline caused the loss of border trade, the outflow of foreign investors from an unstable region, and sheltering 500,000 Iraqi refugees....
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- Spring '08
- Macroeconomics, Turkish Lira Assignment, Dr. Donald Wargo, Atinuke Omolara Introduction