Turkey's booming exports reshape global trade dynamics in EU markets.
Turkey has become highly integrated into global markets, especially in Europe, through increased trade in goods and services since the mid-1980s. Its export performance in EU markets from 1996-2004 is similar to new EU members from Central Europe, indicating participation in a new global division of labor. This success is attributed to improved policies, domestic liberalization, and agreements like the EU-Turkey Customs Union. The evidence suggests that Turkey's export expansion is a result of these factors and improved macroeconomic stability after the 2001 crisis.