Investment Policy Framework for Turkey in the Twenty-First Century

Abstract

This paper first briefly looks at Turkey’s economic history, followed by an evaluation of Turkey’s economic development and the major problems facing the Turkish economy, including the low level of high-tech exports. The next section reviews government policies and reforms in recent years. The third section is a discussion of key challenges facing investment development in Turkey. The paper concludes with policy recommendations for the adoption of a new growth strategy and smart industrial policy for Turkey to increase the sophistication of its production, especially its exports, and leap to a high-value-added economy.