Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU Enlargement. ENEPRI Working Paper No. 8, November 2001

Loewendahl, Henry and Ertugal-Loewendahl, Ebru. (2001) Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU Enlargement. ENEPRI Working Paper No. 8, November 2001. [Working Paper]

[img]
Preview
PDF
Download (748Kb) | Preview

    Abstract

    This paper analyses Turkey's performance in attracting foreign direct investment (FDI). The paper is divided into three main sections. The first section analyses FDI in Turkey over time and relative to Central and Eastern Europe. The second section identifies the key factors determining investment location and on the basis of these factors assesses Turkey's competitive position. The third section examines the impact of EU enlargement on FDI in Turkey and explores whether the IMF agreement is sufficient for reducing obstacles to investment. The paper concludes that Turkey has under-performed in attracting FDI due to the slow pace of privatisation and political-institutional obstacles, of which chronic inflation is a manifestation. Structured interviews with global companies also highlighted lack of investment promotion as a major obstacle. While the IMF agreement will increase privatisation and reduce inflation, EU membership is vital if Turkey is to successfully compete for foreign investment.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Treaty reform > enlargement
    Other international institutions > IMF
    Countries > Turkey
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ENEPRI Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Jul 2004
    Page Range: p. 48
    Last Modified: 15 Feb 2011 17:20
    URI: http://aei.pitt.edu/id/eprint/1860

    Actions (login required)

    View Item

    Document Downloads