Turkey : Economic Reform and Accession to the European Union

Togan, Sübidey; Hoekman, Bernard M.

Turkey : Economic Reform and Accession to the European Union

Autores

Togan, Sübidey

Hoekman, Bernard M.

Editor

Washington, DC: World Bank and Centre for Economic Policy Research

Descripción

This volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the Acquis Communautaire, and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: 1) An analysis of the macroeconomic policies for EU accession; 2) An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries; 3) An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental Acquis; and 4) The quantification of the impact of EU accession and consideration of the welfare effects of integration. While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.

Palabras clave

ACCOUNTING, AFFILIATES, AGRICULTURAL COMMODITIES, AGRICULTURAL INCOMES, AGRICULTURAL MARKETS, AGRICULTURAL PRODUCTION, AGRICULTURAL PRODUCTS, AGRICULTURAL SECTOR, AGRICULTURAL SUPPORT, AGRICULTURAL TRADE, AGRICULTURE, ANTIDUMPING, AVERAGE TARIFF, BANK RESTRUCTURING, BANKING SECTOR, BANKING SERVICES, BANKING SYSTEM, BORDER TRADE, BUDGET CONSTRAINTS, CAPITAL ADEQUACY, CAPITAL ADEQUACY RATIOS, CAPITAL FLOWS, CAPITAL FORMATION, CENTRAL BANK, CENTRAL BANKS, COAL, COMPARATIVE ANALYSIS, COMPETITION POLICIES, CONCESSIONS, CONSUMER PRICE INDEX, CONSUMER PRICES, CONSUMERS, COUNTRY OF ORIGIN, CPI, CROP PRODUCTION, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, DAIRY PRODUCTS, DEBT, DECISION MAKING, DEPOSITS, DEVELOPMENT STRATEGIES, ECONOMIC ACTIVITY, ECONOMIC CONDITIONS, ECONOMIC COOPERATION, ECONOMIC EFFECTS, ECONOMIC EXPANSION, ECONOMIC GROWTH, ECONOMIC IMPLICATIONS, ECONOMIC INTEGRATION, ECONOMIC POLICY, ECONOMIC REFORM, ECONOMIC RELATIONS, ECONOMIC STABILIZATION, ECONOMICS, ECONOMISTS, ELASTICITY, ENVIRONMENTAL, ENVIRONMENTAL COSTS, ENVIRONMENTAL POLICY, EQUILIBRIUM, EUROPEAN CENTRAL BANK, EXCHANGE RATE, EXCHANGE RATE MECHANISM, EXPENDITURES, EXPORT SUBSIDIES, EXPORTS, FINANCIAL STRENGTH, FINANCIAL STRENGTH RATING, FISCAL POLICY, FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN TRADE, FREE TRADE, FREE TRADE AGREEMENTS, GDP, GENERAL EQUILIBRIUM MODEL, GNP, GRAVITY EQUATION, GRAVITY ESTIMATES, GROSS DOMESTIC PRODUCT, GROSS FIXED CAPITAL FORMATION, GROSS NATIONAL PRODUCT, GROWTH RATE, HARD BUDGET CONSTRAINTS, HIGH UNEMPLOYMENT, IMPORT BARRIERS, IMPORT TARIFFS, IMPORTS, INCOME, INDUSTRIAL PRODUCTS, INFLATION, INFLATION RATE, INSURANCE, INTEREST RATES, LABOR FORCE, LABOR MARKET POLICIES, LAND USE, LEGAL FRAMEWORK, LEGISLATION, LIBERALIZATION OF TRADE, LIQUIDITY, MACROECONOMIC POLICIES, MACROECONOMIC SHOCKS, MACROECONOMIC STABILITY, MARKET ACCESS, MARKET PRICES, MARKETCLEARING PRICES, MEAT, MIDDLE EAST, MIGRATION, MONETARY POLICY, MUTUAL RECOGNITION, NONPERFORMING LOANS, OIL, POLITICAL EFFECTS, POULTRY, PREFERENTIAL TRADE, PREFERENTIAL TRADE AGREEMENTS, PREFERENTIAL TREATMENT, PRICE CONTROLS, PRICE STABILITY, PRICE SUPPORT, PRICE SUPPORTS, PRIVATE CONSUMPTION, PRIVATIZATION, PRODUCERS, PRODUCTIVITY, PROFIT MARGINS, PROPERTY RIGHTS, PROTECTION RATES, PUBLIC DEBT, PUBLIC PARTICIPATION, PURCHASING POWER, QUOTAS, REAL EXCHANGE RATE, REAL GNP, REAL INCOME, REAL INTEREST RATE, RECAPITALIZATION, REDUCTION IN TARIFFS, REGIONAL INTEGRATION, REGULATORY REGIMES, RETURN ON EQUITY, SAVINGS, SECURITIES, STATE ENTERPRISES, SUBSIDIARY, SUGAR, SUGAR BEET, SUGAR BEETS, SUGAR PRODUCTS, SUSTAINABLE GROWTH, TARIFF EQUIVALENTS, TARIFF RATE, TARIFF RATES, TAX REVENUE, TELECOMMUNICATIONS, TOBACCO, TOTAL FACTOR PRODUCTIVITY, TOTAL OUTPUT, TRADE AGREEMENT, TRANSNATIONAL CORPORATIONS, TRANSPORT, UNEMPLOYMENT, UNEMPLOYMENT RATE, VALUE ADDED, VEGETABLES, WAGE DIFFERENTIALS, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO