Turkey and the new global economic context: the expansion of national firms into the Romanian market

Abstract

The Republic of Turkey is one of the so-called transition economies, those developing countries experiencing high rates of economic growth in recent years. Their path to growth deeply differs from that of already developed economies, mainly because of the very globalized economic world in which they live and operate. A fundamental aspect of economic globalization is foreign direct investment (FDI), which today involves emerging markets both as host and source countries. Indeed, Turkey is experiencing a sharp rise in inward and outward FDI, with national enterprises expanding abroad at a very rapid pace. The focus if this dissertation is Turkish firms’ expansion into new markets, in particular that of Romania.