Fading attraction: Turkey's shifting relationship with the European Union |
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Authors: | Hadi Salehi Esfahani Esra Çeviker-Gürakar |
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Affiliation: | 1. University of Illinois at Urbana-Champaign, United States;2. Okan University, Istanbul, Turkey |
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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. |
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Keywords: | Turkey European Union Trade Customs union Political economy |
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