The institutional characteristics and the policy environment of a country are of crucial significance in accounting for both the nature of the adjustment process and the subsequent economic performance. The article elucidates the fundamental paradox concerning the weakness and vulnerability of a...

Currently, the prospects for Turkey's EU membership do not look very bright. With key chapters for negotiation already suspended, the government is likely to resume a loose Europeanization agenda. The counterpart of this in the foreign-policy realm is an approach based on 'soft Euro-asianism'....