The dynamics of foreign direct investment in Turkey from a historical perspective
Author(s)
Advisor
Korab-Karpowicz, W. J.Date
2008Publisher
Bilkent University
Language
English
Type
ThesisItem Usage Stats
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Abstract
In this thesis I discussed different components of foreign direct
investment inflows from the perspective of hosting countries. Since foreign
direct investment has been accepted as an important tool for the
development of economies, FDI has taken particular attention by
governments and there has been a huge competition to attract FDI. Last years
show an improvement in FDI attraction of Turkey which can be explained
through commitment to liberalization, privatization and influence of EU. In
fact reforms made to fulfill EU criteria were only one among many influences
of EU on FDI inflows. European countries have a tendency to channel FDI
within the borders of EU which consequently renders EU membership is an
important advantage for attracting FDI from EU countries. Signals of this
advantage when coupled with the geographical position of Turkey showed
itself positively in statistics of FDI in Turkey. To illustrate the effects of the
relationship with the EU, I provide a comparative analysis with Romania and
Argentina. Three of the cases-Turkey, Romania and Argentina- point out to
iv
the fact that structure of the economy, privatization and liberalization,
stability and international networks (as in the case of the EU) matter
considerably when we discuss general trends of FDI inflows.