Turkey and Central and Eastern European Countries in Transition Towards Membership of the EU

This book offers a comparative study of the Central and Eastern European and Turkish economies that analyses the implications of EU enlargement. The contributors discuss issues related to the creation of a legal infrastructure that encourages entrepreneurial initiative, fair competition, market forces and investor confidence. They assess the benefits of following prudent monetary and fiscal policies together with appropriate competition, trade and foreign direct investment policies in Turkey and Central and Eastern Europe.

List of Figures List of Tables Preface Acknowledgements Participants in the Conference Notes on the Contributors Introduction; S.Togan & V.N.Balasubramanyam PART I: INTERNATIONAL TRADE AND MACROECONOMICS The Turkish Economy and the European Economies in Transition; S.Togan Foreign Direct Investment in Turkey and the Transition Economies of Eastern Europe; V.N.Balasubramanyam Fiscal Policy in Turkey and the Transition Economies of Europe; H.Ulugbay & O.Zaim Financial Aspects of Adjustment and Transition Towards EU Membership: Turkey and Eastern Europe; P.N.Snowden & C.Yildirim Investment Incentives in Turkey; I.Arslan Transition: From Stabilization to Growth; C.Denizer Modelling Trade Liberalization and Economic Growth using Smooth Transitions Analysis: Some New Evidence for Turkey; D.Sapsford, D.Greenaway & S.Leybourne PART II: LAW AND ECONOMICS Legal and Institutional Reform in the European Transition Economies; S.Nestor The Legal Framework for Private Sector Activities in Turkey; T.Arat, I.Atiyas, E.Basci & T.Tan Competition Law and Policy in the Transition Market Economies; S.Khemani Turkish Competition Law and the Impact of the Customs Union Decision; N.Inan & G.Öz PART III: GEOPOLITICS Europe's Geopolitical Parameters; A.Karaosmanoglu Index

ÖMER ALTAY Director, General Directorate for Research, The Central Bank, Ankara TUGRUL ARAT Director, General Directorate for EC Affairs, State Planning Organization, Prime Ministry, Ankara ISMAIL ARSLAN Economist, The World Bank Resident Mission, Ankara IZAK ATIYAS Department of Economics, Bilkent University, Ankara ERDEM BASCI Department of Economics, Bilkent University, Ankara CEVDET DENIZER Economist, Research Department, The World Bank, Washington, D.C. DAVID GREENAWAY University of Nottingham NURKUT INAN Professor of Law, University of Ankara ALI KARAOSMANOGLU Professor of International Relations, Bilkent University, Ankara R.SHYAM KHEMANI Manager of Business Environment, Private Sector Development Department, The World Bank, Washington, D.C. STEVE LEYBOURNE University of Nottingham STILPON NESTOR Head of Unit Privatisation and Private Sector Development, OECD, Paris GAMZE ÖZ DAVID SAPSFORD Professor of Economics, Lancaster University NICHOLAS SNOWDEN Professor of Economics, Lancaster University TURGUT TAN HIKMET ULUGBAY Member of Parliament, Ankara C. YILDIRIM OSMAN ZAIM.