ect investment, during his second stint in office in 1983. The current leaders are not doing as well of a job as they could be. The elections in April may be the better avenue to pursue foreign direct investment. Major strides have been taken to revamp conditions for entry, operations and exit for both national and international business by completely dismantling bureaucratic barriers and streamlining procedures based on a thorough deregulation effort. Turkey offers many advantages to foreign investors, its large domestic market of 57 million people desiring high quality products, a qualified manual and technical labor force with low labor costs and high productivity, developed utility and transportation facilities along with a geographic and economic location close to nearby major markets of the world are only some of the many advantages. , Turkey has been a leader in pursuing trade and economic cooperation with the largest of the New Independent States, the Russian Federation. It has initiated a number of programs of education and training in the Caucasus and Central Asia, aimed at encouraging and assisting those countries in the development of the kind of secular democratic system that has served Turkey so well for most of this century.
Major Political Events: (5)***(4) Turks can only hope that things will stabilize, A new leader has been elected recently.
Yilmaz came to power in a three-party coalition in July 1997, after the collapse of the previous WP-TPP coalition that had brought Turkey to the brink of a military coup. For most of the year following his surprise elevation to the job of Prime Minister, Yilmaz and the MP had repeatedly claimed that the government would stay in office until 2000.
On November 25, the Turkish Grand National Assembly (GNA) voted 314 to 214 in favor of a motion of no confidence against the government over corruption allegations, prompting Prime Minister Mesut Yilmaz, the leader of the...