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Is Turkey Economically Ready To Join Eu

Is Turkey economically ready to join EU?
1. Introduction.
Turkey’s candidature for the European Union is maybe the most controversial and consequently well-analyzed of any in the history of the organization. The topics of the debate are familiar: human rights abuses, overly uppermost military, and the impact of Islam on the one hand, contrary to strategic partner, valid candidate, and the advantages of including a Muslim democracy on the other. The interaction among these factors will define Turkey’s progress toward membership over the next several years.
Notwithstanding, in theory the EU defines membership eligibility rested on a set of impartial criteria that do not take diplomatic issues into account. As Turkey has already been accepted as a part of Europe, it should be practicable to evaluate its performance as compared with these criteria and to the status of other EU candidates, past and actual, at major points in the accession process.
The economic aspects of the entry of Turkey to the European Union are of great significance and need special attention. The given paper aims to provide a short overview of Turkey’s economy and to highlight the major problems concerning GDP, agriculture, manufacturing, inflation and currency issues.

2. GDP and the economy of Turkey.
Turkey is regarded to have a less middle-income economy. Its per capita is correspondingly small contrasted to the EU. The GDP per capita in conditions of Purchasing Power (PPS) was in 2003 at 28.5% of the EU-25 medium, corresponding to the level of Bulgaria and Romania. Valued in current prices in 2003, the GDP of Turkey was comparable to about 2% of the GDP of EU-25 or just half of the ten Member States.
Turkey is distinguished by large provincial disparities which widely follow a West-East pattern. The richest areas are concentrated in the western part of the country while the poorest ones are at the eastern frontier. The richest province Kocaeli, an essential manufacturing location, has...