Economy competitiveness and entrepreneurial environment : evaluation of the Turkish performance in comparison to the EU-27 and the BS-10
Gkoras, Georgios
Turkey, often classified as an emerging market economy, is the 16th largest economy in the world and has a rapidly growing private sector, with the state still playing a major role in industry, banking, transport and communications. In this work we examine thoroughly the position of Turkey’s competitiveness and business easiness compared to Twenty-seven European Union and Ten Black Sea groups of countries (EU-27 and BS-10). The comparison of the Turkish performance will be examined for the period of the last six years, with special reference in the last two ones, 2010 and 2011. In order to achieve this purpose, we will focus on two benchmarks, the Global Competitiveness Index (GCI) and the Ease of Doing Business (EDB) Index .The Global Competitiveness Index (GCI) captures many different components, each measuring a different aspect of competitiveness. The Ease of Doing Business (EDB) Index which was setup 9 years ago by the World Bank, it looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
