A backgrounder on the current economic standing of Turkey and the EU will be presented and a brief history on the initiatives made by Turkey in to vie for membership to the European Union economic play down OF TURKEY ECONOMIC BACKGROUND OF TURKEY forward to the 1980 s , Turkey adhered to a quasi-statist economic approach having strict brass controls over private sector enfolding , foreign tack , and foreign direct investment Turgut Oezal , then prime minister of religion of Turkey , initiated reforms shifting the Turkish economic policies and standards into a to a greater extent private-sector , market based model ECONOMIC BACKGROUND OF TURKEY Amid political turmoil in the mid 90 s , Turkey has gradually opened its markets thru economic reforms and reduced government controls on foreign trade and investment . Continuing privatisation of industries owned by the public and the liberalisation of many sectors to private and foreign participation has spurred economic growth In 2005 , the growth rate of Turkey was 7 .4 ECONOMIC BACKGROUND OF TURKEY One of the alacritous growing economies with a current world ranking (based on GDP ) of 17th quickest growing economies Currently , the 11 .9 of the Turkish tourism has experient rapid growth as well with approximately 24 .2 million tourists visited the county in 2005 accounting for 18 .2 billion in Turkish revenues (Tourism statistics for 2005 , 2005 ECONOMIC BACKGROUND OF TURKEY ECONOMIC BACKGROUND OF TURKEY One of the fastest growing economies with a current world ranking (based on GDP ) of 17th fastest growing economies (Turkey at a glance Currently , the 11 .9 of the Turkish tourism has experienced rapid growth as...If you want to get a luxuriant essay, order it on our website: Orderessay
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