Description: Turkey : Economic Reform and Accession to the European Union

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Turkey : Economic Reform and Accession to the European Union

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 a...

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Bibliographic Details
Main Authors:	Hoekman, Bernard M., Togan, Sübidey
Language:	English en_US
Published:	Washington, DC: World Bank and Centre for Economic Policy Research 2012
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2005/06/6431797/turkey-economic-reform-accession-european-union http://hdl.handle.net/10986/7494

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Summary:	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.