Will Energy Save FDI Inflows to Turkey from the Cool Down of EU Accession Prospects? A Case Study of How Geo-political Alliances and Regional Networks Matter(Article)(Open Access)
- aMacroeconomic and Fiscal Management Global Practice, The World Bank, 1818 H Street, NW, Washington, DC 20433, United States
- bDepartment of Applied Economics and Economic History, Universidad Nacional de Educación a Distancia, Madrid, Spain
- cReal Instituto Elcano, Madrid, Spain
- dDepartment of Econometrics and Applied Economics, Universidad Autónoma de Madrid, Madrid, Spain
Abstract
Turkey has historically struggled to attract foreign investors. This paper discusses how the start of the European Union's accession negotiations in 2005 encompassed a wide set of reforms in several chapters of the acquis communautaire that resulted in higher foreign direct investment (FDI) attraction. However, it seems that the global economic slowdown of 2009 coupled with increasing Euro-skepticism have already started to erode this effect. Only large a volume of foreign investment in the energy sector observed in 2009–13, explained by the energy security strategy of the European Union and the internal liberalization agenda, has prevented the collapse of FDI inflows to Turkey. © 2015 Taylor & Francis.
Funding details
| Funding sponsor | Funding number | Acronym |
|---|---|---|
| European Commission See opportunities by EC | EC |
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1
Gonzalo Escribano Francés heads the Energy and Climate Change Programme at the Elcano Royal Institute. He is also Professor of Applied Economics at the Spanish Open University (UNED). He holds a Ph.D. in Economics from the Madrid’s Complutense University, has been a visiting researcher at Florida State University and the Universidad Autonoma de Madrid, and associate researcher at the Center for International Relations (Ortega y Gasset Foundation). He also lectures in different post-graduate programs at numerous Spanish and foreign universities on energy geopolitics and the political economy of North Africa. He has participated in various research projects, including the EU’s VII Framework and several Euro-Mediterranean FEMISE projects funded by the European Commission. He has received the Research
- ISSN: 14683849
- Source Type: Journal
- Original language: English
- DOI: 10.1080/14683849.2015.1081068
- Document Type: Article
- Publisher: Routledge
Sánchez-Martín, M.E.; Macroeconomic and Fiscal Management Global Practice, The World Bank, 1818 H Street, NW, Washington, DC, United States;
© Copyright 2015 Elsevier B.V., All rights reserved.
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