Independent and cutting-edge analysis on Turkey and its neighborhood

 

Foreign direct investments (FDI) are a crucial variable in economic development. Presently they are the most important source of external finance for developing countries and the type of external resource that offers the highest probability of promoting sound growth. Turkey has not yet been able to attract a significant amount of FDI flows for a country with an economy of its size. In an international comparison the country demonstrates low performance and potential. This fact is partially due to the macroeconomic instability of the country in past years. From a microeconomic point of view the unattractiveness of the Turkish economy for FDI is related to the inadequacy of both its legal infrastructure and its privatization and liberalization policies. This climate is already changing and will change further in the coming years, when accession negotiations begin. Accession negotiations will produce positive changes in the macro and micro economic framework, thus stimulating the inflow of FDI...
CONTRIBUTOR
Angelo Santagostino & Andrea Fornari
Angelo Santagostino & Andrea Fornari
From the Desk of the Editor Since the founding of the Turkish Republic, competing conceptions of Turkish identity have existed. Among many examples, the role of Islam has been contested, Kurdish and Turkish nationalisms have clashed, and various identity-based movements have ebbed and flowed, shaping political cleavages. National identity contestation has also spilled over into Turkey’s relationship with its Western...
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