Article ID Journal Published Year Pages File Type
983316 The Quarterly Review of Economics and Finance 2013 16 Pages PDF
Abstract

In this paper, we examine Turkey's changing economic relations with the European Union (EU) and the rest of the world during the past few decades. We argue that a combination of the EU's reluctance to accept Turkey as a member, internal economic and political developments, and the rise of economic and political opportunities elsewhere have shifted the country to diversify its economic relations around the world and reduced its reliance on the ties with Europe. This shift, which had started long before the 2008 global financial crisis and accelerated in its aftermath, seems to have helped Turkey weather relatively well the recent economic storms in Europe.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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