Summary
The Republic of Turkey will celebrate its centenary in 2023. Its economic goal is to rank among the world’s 10 biggest economies. To move from its current 17th position, Turkey will have to grow on average 8% per annum. The researcher describes the history of relationship between Turkey and EU. Turkey is a veteran of candidates for membership in the European Union; its associate membership in this organization has been going on for more than forty years. However, the long wait, does not make perspective of full EU membership. Researcher also considers geographical, economic and religious aspects of Turkey. Advantages and disadvantages of membership Turkey in EU will be analyzed based on research of its economic indicators.
Methodology …show more content…
Evidence of advantages and disadvantages the accession Turkey the EU
2.1. Analysis the GDP growth of Turkey.
The first and perhaps the most substantiated block of claims to Turkey concerns discrepancy of its main socio-economic indicators, inflation (in some years - more than 70-80%) unemployment (10%), the volume of external debt (in 2003 year - more than $ 140 billion. dollars.), per capita income (about $ 3,000.) (www. indexmundi.com)
The Turkish economy, however, developed very dynamically in recent years. Economic growth has been significantly higher than in the EU25 during the 2000-2005.The growth of the Turkish economy is able to catch up with the pace of the EU, especially compare to old member states. If it keeps this pace for the five years, then it will bring a much more significant contribution to the EU economy (3.2% in 2015).
According to the rules of the future budget period, each Member State is obliged to pay 1.04% of its GDP. If Turkey were a member of EU than the contributions done by it during last 10 years would look like as following: (for 2003 it’s 303,01*1,04% = …show more content…
Own computations
As we can see GDP of Turkey will be doubled by 2023 compare to 2013 as well as its contributions to EU budget. But Turkey’s economy is opened and any world changes may directly impact on its socio economic situation, and Turkey may not achieve its goal, for instance in 2009 its GDP declined because of the world crisis.
2.2. Analysis of the population growth of Turkey.
From a European perspective, Turkey is a big country. Its territory reaches French territory - the largest of the current members of the EU. With its 72 million inhabitants, it is only 10 million concedes to Germany. If Turkey becomes a member of the EU today, the area will increase by 20%, and the population at nearly 16%. However, not only economic growth has been, and probably will be high: its population is growing much more rapidly than in the EU. Taking into account the differences in economic and demographic situation between Turkey and the EU for the period 2000-2005 can be concluded that Turkey will remain poor by the Member State at the time of a possible
The Republic of Turkey will celebrate its centenary in 2023. Its economic goal is to rank among the world’s 10 biggest economies. To move from its current 17th position, Turkey will have to grow on average 8% per annum. The researcher describes the history of relationship between Turkey and EU. Turkey is a veteran of candidates for membership in the European Union; its associate membership in this organization has been going on for more than forty years. However, the long wait, does not make perspective of full EU membership. Researcher also considers geographical, economic and religious aspects of Turkey. Advantages and disadvantages of membership Turkey in EU will be analyzed based on research of its economic indicators.
Methodology …show more content…
Evidence of advantages and disadvantages the accession Turkey the EU
2.1. Analysis the GDP growth of Turkey.
The first and perhaps the most substantiated block of claims to Turkey concerns discrepancy of its main socio-economic indicators, inflation (in some years - more than 70-80%) unemployment (10%), the volume of external debt (in 2003 year - more than $ 140 billion. dollars.), per capita income (about $ 3,000.) (www. indexmundi.com)
The Turkish economy, however, developed very dynamically in recent years. Economic growth has been significantly higher than in the EU25 during the 2000-2005.The growth of the Turkish economy is able to catch up with the pace of the EU, especially compare to old member states. If it keeps this pace for the five years, then it will bring a much more significant contribution to the EU economy (3.2% in 2015).
According to the rules of the future budget period, each Member State is obliged to pay 1.04% of its GDP. If Turkey were a member of EU than the contributions done by it during last 10 years would look like as following: (for 2003 it’s 303,01*1,04% = …show more content…
Own computations
As we can see GDP of Turkey will be doubled by 2023 compare to 2013 as well as its contributions to EU budget. But Turkey’s economy is opened and any world changes may directly impact on its socio economic situation, and Turkey may not achieve its goal, for instance in 2009 its GDP declined because of the world crisis.
2.2. Analysis of the population growth of Turkey.
From a European perspective, Turkey is a big country. Its territory reaches French territory - the largest of the current members of the EU. With its 72 million inhabitants, it is only 10 million concedes to Germany. If Turkey becomes a member of the EU today, the area will increase by 20%, and the population at nearly 16%. However, not only economic growth has been, and probably will be high: its population is growing much more rapidly than in the EU. Taking into account the differences in economic and demographic situation between Turkey and the EU for the period 2000-2005 can be concluded that Turkey will remain poor by the Member State at the time of a possible