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ECONOMIC GROWTH of the COUNTRY-EXPORTER of the LABOUR. Development co-operative societies

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    you are: ECONOMIC GROWTH of the COUNTRY-EXPORTER of the LABOUR

    Despite temporary success of co-operative societies of development, their creation has given an impulse to a following stage in the organisation of joint ventures - to establishment of the joint-stock companies (societies) which owners of actions are the Turkish workers occupied in economy of Germany. Any worker who had sufficient means could become the shareholder. The number of shareholders in the company should not exceed 100 persons, each of which has the right to own no more than 10% of all actions.

    In the beginning joint-stock companies appear as the private initiative, but the Turkish and German authorities soon show to them interest. Turkey considers joint-stock company as possibility of accumulation of monetary resources for the subsequent economic development of the country, and also as ' the indirect animator of employment '. Germany sees in them the means stimulating repatriation of Turkish citizens.

    The Important role in joint-stock company functioning was taken away to the State bank of the industry created in 1975 and capital investments of workers (DESIYAB) to which the problem of economic development of Turkey for the account ' transformations of savings of migrants into economic force by a profitable investment of these means in development of the national industry ' was assigned. Under the interstate agreement the government of Germany incurred obligations on maintenance with technology, consultation and rendering of other help connected directly with process of manufacture and business management at the industrial enterprises. The Turkish government was obliged to give customs and other privileges at import of the equipment for these factories.