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Turkey: Toward EU Accession

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  • Sübidey Togan

Abstract

The purpose of this paper is to study selected aspects of Turkish accession to the EU. Joining the EU will require that Turkey attains macroeconomic stability, adopts the Common Agricultural Policy, and liberalizes its services and network industries. Furthermore, joining the EU will require Turkey to adopt and implement the whole body of EU legislation and standards - the acquis communautaire. According to the EU membership criteria, new members must be able to demonstrate the 'ability to take on the obligations of membership including adherence to the aims of political, economic and monetary union'. Thus Turkey will be expected to adopt the euro when it is ready to do so, but not immediately upon accession. Integration will boost allocative efficiency in the Turkish economy which in turn will make the country a better place to invest. Furthermore, Turkey will reap the benefits from monetary integration and from migration of labour to the EU. But the welfare gains will have a price, and the price will be the adjustment costs associated with the adoption of the acquis communautaire. The final section of the paper considers the effects of accession on the EU in terms of migration and budgetary effects. Copyright 2004 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal The World Economy.

Volume (Year): 27 (2004)
Issue (Month): 7 (07)
Pages: 1013-1045

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Handle: RePEc:bla:worlde:v:27:y:2004:i:7:p:1013-1045

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Cited by:
  1. Akcomak, Semih & Parto, Saeed, 2006. "How "black" is the black sheep compared to all others? Turkey and the EU," MERIT Working Papers 024, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  2. Halicioglu, Ferda, 2007. "A Multivariate Causality Analysis of Export and Growth for Turkey," MPRA Paper 3565, University Library of Munich, Germany.
  3. Kibritçioğlu, Aykut, 2006. "The Labour Market Implications of Large-Scale Restructuring in the Banking Sector in Turkey," MPRA Paper 2457, University Library of Munich, Germany.
  4. Sule Akkoyunlu, 2010. "Can trade, aid, foreign direct investments and remittances curb migration from Turkey?," Migration Letters, Transnational Press London, UK, vol. 7(2), pages 144-158, October.
  5. Sübidey Togan, 2004. "Economic aspects of the accession of Turkey to the European Union," Intereconomics: Review of European Economic Policy, Springer, vol. 39(6), pages 300-303, November.
  6. Cunedioglu, Ekrem & Yucel, Eray, 2011. "Does every stone fall in the same way? new gravity evidence on world trade," MPRA Paper 30870, University Library of Munich, Germany.

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