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Thursday, October 02, 2008

COMMENT: Where East meets West - Turkey thrives as international investment hub

"COMMENT: Where East meets West - Turkey thrives as international investment hub

James Douglass and Tom O'Neill of Linklaters
October 2, 2008

The Constitutional Court decision on July 30 that rejected calls to ban the ruling the ruling Justice and Development Party (AKP) and president from political life, marked a return of confidence for one of the world's largest and most robust emerging economies.

Uncertainty relating to the outcome of the case was a cause of some worry and there were signs of a slowdown in foreign investment activity in the period leading up to the court decision. This slowdown was exacerbated by the international economic climate, although Turkey has to date not been as badly affected by the global credit crisis as some other countries."

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