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 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.