Turkey: Economic Reform and Accession to the European Union (Trade and Development)

What requirements must Turkey—the largest country among the candidate and accession countries—meet to join the European Union? What progress has been made toward meeting them? This timely 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: • An analysis of the macroeconomic policies for EU accession • An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries • 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' • 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. 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. Although 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.--jacket. Macroeconomic Policies For Turkey's Accession To The Eu / Sübidey Togan, Hasan Ersel -- Analysis Of The Impact Of Eu Enlargement On The Agricultural Markets And Incomes Of Turkey / Sübidey Togan, Ahmet Bayener, John Nash -- Integration And The Manufacturing Industry / Sübidey Togan, Hüsamettin Nebioğlu, Saadettin Doğan -- Accession Of Turkey To The European Union: Market Access And Regulatory Issues / Joseph Francois -- The Turkish Telecommunications Sector: A Comparative Analysis / Erkan Akdemir, Erdem Bașçi, Gareth Locksley -- Accession To The European Union: Potential Impacts On The Turkish Banking Sector / Ceyla Pazarbașioğlu -- Competition And Regulatory Reform In Turkey's Electricity Industry / Ízak Atiyas, Mark Dutz -- Institutional Endowment And Regulatory Reform In Turkey's Natural Gas Sector / Maria Rita Mazzanti, Alberto Biancardi -- Labor Market Policies And Eu Accession : Problems And Prospects For Turkey / Erol Taymaz, Șule Özler -- Turkey's Foreign Direct Investment Challenges: Competition, The Rule Of Law, And Eu Accession / Mark Dutz, Melek Us, Kamil Yilmaz -- Turkey On The Path To Eu Accession: The Environmental Acquis / Anil Markandya -- Economic Implications Of Eu Accession For Turkey / Sübidey Togan -- The Impact Of Turkey's Membership On Eu Voting / Richard Baldwin, Mika Widgrén -- Economic Effects Of Turkey's Membership On The European Union / Harry Flam. Editors, Bernard Hoekman And Sübidey Togan. The Essays In This Volume, With The Exception Of The Last Three, Were Discussed At The Conference 'turkey: Towards Eu Accession,' Held May 10-11, 2003, In Ankara, Turkey--p. Xi. A Copublication Of The World Bank And The Centre For Economic Policy Research. Includes Bibliographical References And Index. Annotation What requirements must Turkey€”the largest country among the candidate and accession countries€”meet to join the European Union? What progress has been made toward meeting them?This timely 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: € An analysis of the macroeconomic policies for EU accession € An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries € 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' € 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 Macroeconomic policies for Turkey's accession to the EU / Sübidey Togan, Hasan Ersel Analysis of the impact of EU enlargement on the agricultural markets and incomes of Turkey / Sübidey Togan, Ahmet Bayener, John Nash Integration and the manufacturing industry / Sübidey Togan, Hüsamettin Nebioğlu, Saadettin Doğan Accession of Turkey to the European Union: market access and regulatory issues / Joseph Francois The Turkish telecommunications sector: a comparative analysis / Erkan Akdemir, Erdem Başçi, Gareth Locksley Accession to the European Union: potential impacts on the Turkish banking sector / Ceyla Pazarbaşioğlu Competition and regulatory reform in Turkey's electricity industry / İzak Atiyas, Mark Dutz Institutional endowment and regulatory reform in Turkey's natural gas sector / Maria Rita Mazzanti, Alberto Biancardi Erol Taymaz, Şule Özler Turkey's foreign direct investment challenges: competition, the rule of law, and EU accession / Mark Dutz, Melek Us, Kamil Yilmaz Turkey on the path to EU accession: the environmental acquis / Anil Markandya Economic implications of EU accession for Turkey / Sübidey Togan The impact of Turkey's membership on EU voting / Richard Baldwin, Mika Widgrén Economic effects of Turkey's membership on the European Union / Harry Flam