Expects that the entry of Turkey into the customs union with Europe in January 1996 will spur the flow of European foreign direct investment (FDI) to Turkey with European companies being attracted by the relatively fast‐growing Turkish market. With Turkey likely to become an ever‐more important location for European FDI, provides a timely account of European equity venture formation in Turkey. Explains that, since 1980, the trend of European FDI in Turkey has been commensurate with the legal and institutional reforms which have been undertaken to encourage FDI. Drawing on a Turkish Government database, examines several dimensions of European FDI: trends in FDI over time; country of origin of investment; sector of investment; capital size of investment; geographical location and company type. Claims that this set of characteristics provides a more detailed account than previously has been made of European FDI in Turkey.
European Business Review – Emerald Publishing
Published: Dec 1, 1996
Keywords: European Union; Foreign investment; Turkey
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