The start of a painful journey

The approval of Turkey's candidature for EU membership is just the start of a decade-long process, much of which is likely to be painful, that is set to revolutionize the country's economy and society.

AFTER A COURTSHIP of the European Union lasting 40 years, Turkey was formally dubbed a candidate country by the European Commission in December. Now it is looking towards greatly expanded foreign investment and aid. But it is also awakening to the harsh realities of preparation for EU membership that will intensify when accession negotiations begin on October 3.

The good news includes hopes that long-expected foreign investment and tens of billions of euros in European development aid will be forthcoming.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access