Fading attraction: Turkey's shifting relationship with the European Union

Hadi S Esfahani, Esra Çeviker-Gürakar

Research output: Contribution to journalArticle

Abstract

In this paper, we examine Turkey's changing economic relations with the European Union (EU) and the rest of the world during the past few decades. We argue that a combination of the EU's reluctance to accept Turkey as a member, internal economic and political developments, and the rise of economic and political opportunities elsewhere have shifted the country to diversify its economic relations around the world and reduced its reliance on the ties with Europe. This shift, which had started long before the 2008 global financial crisis and accelerated in its aftermath, seems to have helped Turkey weather relatively well the recent economic storms in Europe.

Original languageEnglish (US)
Pages (from-to)364-379
Number of pages16
JournalQuarterly Review of Economics and Finance
Volume53
Issue number4
DOIs
StatePublished - Nov 1 2013

Keywords

  • Customs union
  • European Union
  • Political economy
  • Trade
  • Turkey

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Fading attraction: Turkey's shifting relationship with the European Union'. Together they form a unique fingerprint.

  • Cite this