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The economic emergence of Turkey

Lawrence P. Etkin (Professor of Management, College of Business Administration, University of Tennessee at Chattanooga, USA.)
Marilyn M. Helms (Professor of Management, College of Business Administration, University of Tennessee at Chattanooga, USA.)
Umit Turkkan (MBA student, at the College of Business Administration, University of Tennessee at Chattanooga, USA.)
Daniel J. Morris (MBA student, at the College of Business Administration, University of Tennessee at Chattanooga, USA.)

European Business Review

ISSN: 0955-534X

Article publication date: 1 April 2000

Abstract

For centuries, Turkey has been the nexus of trade and enterprise in Southeastern Europe. Located between the continents of Europe and Asia, Turkey remains the historical portal of the Eastern and Western worlds. Although rooted in an entrepreneurial spirit, the antiquated trade laws in Turkey hindered the sprawling nation’s ability to trade with others. In the late 1980s however, Turkey liberalized its economic legislation, thus enabling the private sector to take the lead in generating growth and employment. This paper examines the evolving Turkish economy through the vehicles of history, the banking system, foreign investments, government apparatuses, and domestic markets and trade policy. Moreover, this paper identifies strategies and market sectors for potential investors. Finally, this paper offers a counterpoint which notes several possible and current economic pitfalls which have and may continue to handicap Turkey in the global marketplace.

Keywords

Citation

Etkin, L.P., Helms, M.M., Turkkan, U. and Morris, D.J. (2000), "The economic emergence of Turkey", European Business Review, Vol. 12 No. 2, pp. 64-75. https://doi.org/10.1108/09555340010318655

Publisher

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MCB UP Ltd

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