Economic Comparison of European Union Countries and Turkey

MA. Menekşe Azgan

Master's thesis

Abstract:

In this study, a comparison was made with Bulgaria, Romania and Croatia, which are the last members of the European Union, and Turkey, whose membership negotiations are still ongoing, based on macroeconomic indicators. In the comparison, the countries were compared both economically and the labor markets of the countries, which are the result of their economic conditions, were compared. In the comparison, GDP, GDP Growth, inflation and foreign trade indicators as macroeconomic indicators, labor force, labor force participation, unemployment, youth unemployment and female labor force participation as indicators of economic development and welfare, GNI per Capita and HDI indicators 2005 and 2021 compared with data between years. Bulgaria, Romania and Croatia, as members of the European Union (EU), are trying to comply with EU norms and rules in their economic policies. Turkey, on the other hand, is trying to converge to EU norms in its economic policies, as it is in the process of membership to the European Union. As a result of the study, it was seen that there was a significant improvement in the macroeconomic indicators of the EU member countries between 2005 and 2021. It has been observed that Turkey is behind the other three countries in indicators such as inflation and unemployment, which it has and cannot use population, labor and geographical advantages efficiently.

Keywords

Bulgaria, Romania, Croatia, Turkey, GDP, Inflation, Labor Force

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 3. 4. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 29. 5. 2023
• Vedúci: PhDr. Ing. Tomáš Maier, Ph.D.
• Oponent: Lukáš Novotný, externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
Economics and Management