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Cyprus Economic Development
Essay specific features
Written by:
Ronald F
Date added:
October 31, 2016
Level:
University
Grade:
A
No of pages / words:
4 / 1113
Was viewed:
5930 times
Rating of current essay:
Essay content:
Since 1974 there has been a de facto partition of the island with the Turkish Cypriot community in the north and the Greek Cypriots in the south. Since 1975, multi-year emergency economic action plans inaugurated by the Republic of Cyprus have provided for increased employment, incentives to reactivate the economy, more capital investment, and measures to maintain economic stability...
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Since its military intervention in 1974, Turkey has provided substantial financial aid to the Turkish Cypriot area. In 1996, this assistance was estimated to be approximately one-third of the area's GDP, or approximately $175 million. The 1994?98 Strategic Development Plan emphasized a free-market, private-sector economic approach with a target GDP growth of 4% annually...
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