Will Energy Save FDI Inflows to Turkey from the Cool Down of EU Accession Prospects? A Case Study of How Geo-political Alliances and Regional Networks Matter
Miguel Eduardo Sanchez-Martin, Gonzalo Escribano Francés, Rafael De Arce Borda
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引用次数: 3
Abstract
Abstract Turkey has historically struggled to attract foreign investors. This paper discusses how the start of the European Union's accession negotiations in 2005 encompassed a wide set of reforms in several chapters of the acquis communautaire that resulted in higher foreign direct investment (FDI) attraction. However, it seems that the global economic slowdown of 2009 coupled with increasing Euro-skepticism have already started to erode this effect. Only large a volume of foreign investment in the energy sector observed in 2009–13, explained by the energy security strategy of the European Union and the internal liberalization agenda, has prevented the collapse of FDI inflows to Turkey.
期刊介绍：
Turkey is a country whose importance is rapidly growing in international affairs. A rapidly developing democratic state with a strong economy, complex society, active party system, and powerful armed forces, Turkey is playing an increasingly critical role in Europe, the Middle East, and the Caucasus. Given Turkey"s significance and the great interest in studying its history, politics, and foreign policy, Turkish Studies presents a forum for scholarly discussion on these topics and more.
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