Turkey Investment Climate Assessment Report (ICA)
The Turkey Investment Climate Assessment Report was prepared by World Bank and Economic Policy Research Foundation of Turkey (TEPAV) in order to determine the barriers preventing investment in Turkey and to give some suggestions to avoid these barriers.
The data for the Report are collected through the interviews with 1300 manufacturing companies. The World Bank team has conducted similar projects in more than 45 economies so far.
The report consists 6 main chapters:
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Key Challenges Facing the Turkish Private Sector and the Role of the Investment Climate: An overview
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Business- Government Relationships: Taxes, Red Tape and Financial Transparency of Firms
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Labor Market & Skills
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Technological Progress: Innovation, Technology Adoption, Quality Standards and ICT
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Improving Firms' Access to Financial Services Through Better Credit Markets and Corporate Governance
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Access to Infrastructure
The report indicates that Turkey needs to increase productivity and employment to reach EU income levels and ensure continued political support for reforms. Four main recommendations of the Report for increasing productivity and employment are;
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Reducing informality,
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Increasing the flexibility of the labor market,
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Improving the skills of the labor force and
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Facilitating firms's technological progress.
Also the Report indicates that reducing the administrative barriers to firms’ entry, operation and exit by the complementary reforms should be an other priority of Turkey. Within this framework, the reforms that could be pursued at low cost and implemented in the short term are included in the Report.
The Report is published in two different volumes. Volume I includes the summary data, while Volume II includes more detailed analyses.
The Turkey Investment Climate Assessment Report was announced to the public on December 11-13, 2007. The recommendations of this Report is being assessed in the framework of Investment Climate Reform. To explore the full versions of Investment Climate Assesment Report please click on the related links.
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