Turkey vis-à-vis the periphery of the EU: An economic assessment

Download

802-4198-1-PB.pdf

Date

2014-12

Author

Türel, Oktar

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

257
views

116
downloads

The aim of this paper is to review the Turkish economic experience in comparison to those countries at the periphery of the EU in the last three decades. Starting with the assessment of economic performance in major country groups over the last three mediumterm cycles of the world economy, the paper then proceeds to the examination of debt-led boom and the subsequent recession in that periphery over the 2000s. In the following section, Turkish economic development over the long run is reviewed and it is noted that, from the early 1980s to the present, Turkey had a better record of output growth vis-à-vis the Eastern & South Eastern periphery of the EU. However, Turkey has recently started to show signs of deindustrialisation and has also been faced with some adverse social consequences of privatisation and deunionisation similar to what has been observed in the periphery of the EU.

Subject Keywords

Economic development, Medium-term cycles, Debt-led growth, The periphery of the EU, Turkey

URI

http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/802
https://hdl.handle.net/11511/58271

Journal

ODTÜ Gelişme Dergisi

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

Turkey's search for a third party role in Arab-Israeli conflicts: A neutral facilitator or a principal power mediator? Altunışık, Meliha (Informa UK Limited, 2010-11-01) This paper examines Turkey’s increasing involvement in the Israeli–Syrian and Israeli–Palestinian conflicts as a third party in the last decade. The paper first discusses the underlying reasons and motivations behind the change inTurkish foreign policy. Inthis section we answer the following question: While the traditional Turkish policy in the Middle East was nonintervention, what factors contributed to this recent change? We discuss these as systemic factors and domestic factors. In the second section of ...
Turkey and the Balkans: bringing the Europeanisation/ De-Europeanisation nexus into question Alpan, Başak Zeynep; Ozturk, Ahmet Erdi (2022-01-01) This article is about the main framework and the rationale of the special issue, which deals with Turkey's increasing ethno-religious, pragmatic and complicated involvement and activism in the Balkans since 2002, under the Justice and Development Party (Adalet ve Kalkinma Partisi - AKP). The main focus of the Issue is how the intersectionality between domestic and foreign policy has played an important role in Turkey's recent relations with the Balkan countries and how the Europeanization process influences...
Turkish-Syrian relations—where are we going? Tür Küçükkaya, Özlem (2010-03-01) 2009 witnessed a series of developments showing the depth of the relations between Turkey and Syria. Not only in the political and security fields but in the economic relations as well the two countries deepened their relations at an unprecedented level. Just to name a few of the remarkable developments over the last year, the two countries held a joint military exercise, signed a technical military cooperation agreement, established a Turkish-Syrian High Level Strategic Cooperation Council and lifted the v...
Turkey and the European Union in the Middle East: Reconciling or Competing with Each Other? Kahraman, Sevilay (2011-01-01) Focusing on the Turkish Middle Eastern foreign policy from the perspective of European Union (EU)-Turkey relations, this paper argues that Turkey's recent activism and attractiveness in the region is attributable to its dual reform and accession process both of which are tied to the EU's anchoring role and leverage over the country. Turkey has self-consciously taken the advantage of its domestic transformation by emulating the EU in its own neighborhood policy. However, to the current stagnation of the acce...
Turkey's Public Sector Finances and EU Perspective Merih, Celasun (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2005-12) In contrast to the sharpened policy preferences for sustainable public finances in the EU, Turkey’s post-1990 policy process did not feature a credible political commitment to fiscal consolidation. Turkey postponed the fundamental change in its macroeconomic and public finance strategy until the early 2000s, and undertook these reforms only after experiencing a severe financial crisis. This paper reviews the patterns of fiscal adjustment against the backdrop of the main macroeconomic trends in the 1990s and...

Citation Formats

O. Türel, “Turkey vis-à-vis the periphery of the EU: An economic assessment,” ODTÜ Gelişme Dergisi, vol. 41, no. 3, pp. 389–413, 2014, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/802.