European economic integration is the key to Turkey’s past and future
Turkey is a winner of globalization and economic integration. Opening up to trade and capital flows provided both the engine and the lubricant for Turkey’s economic modernization. In particular, the customs union with the EU, followed by the opening of EU accession negotiations, ensured that Turkey became part of the “European convergence machine.” Just as it has been the driver of progress in the past, economic integration is also central to Turkey’s future prospects. This was the topic of a session at Brookings on Turkey’s trans-Atlantic integration and its prospects to escape the “middle-income trap.” In a previous blog I wrote about that middle-income trap, now let me address the former topic.
More:European economic integration is the key to Turkey’s past and future | Brookings Institution
