Foreign Direct Investment in Turkey: Enhancing its Impact on Economic Development
Öz
This paper examines the relationship between foreign direct investment (FDI) and economic development in the Republic of Turkey, beginning with a survey of existing scholarly literature on past FDI in Turkey and its effects. Special attention is paid to the question of whether FDI encourages economic growth with emphasis connections to local firms. The issue of rising protectionism toward globalization is addressed, as is the importance of FDI policy. The impact of FDI on development in Turkey is related to the national origins of multinational enterprises (MNEs) as their productive activities and level of internalization. This paper underscores the importance investment agencies such as Invest in Turkey, sets forth some general suggestions for promoting FDI to benefit the host country through knowledge transfer and capital transfers, and urges policymakers consider individual projects on a case-by-case basis, especially given the scarcity of capital in the wake of the COVID-19 pandemic.
Anahtar Kelimeler
Foreign direct investment, Turkey, investment policy, investment impacts
Destekleyen Kurum
Istanbul Technical University and Invest in Turkey. An earlier version of this paper was presented at the International Multidisciplinary Conference on Foreign Direct Investment, Investment Promotion, and Economic Development. Istanbul Technical University, Istanbul, Turkey on 25 October 2018.
Kaynakça
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