A New Regulatory Understanding towards Turkey and Transition Economies (original) (raw)

Turkey has many important economic relations with transition countries. Furthermore, there is high potential that these relations are getting to be stronger. Meanwhile, the importance of regulation of sectors in these economies, is increasing for both side. However, adaption of regulatory institutions could play the key role in making stronger the economic relations. Besides, the problems of the world economy lead to discuss about the functioning of the regulatory institutions, the qualifications of employees, and new implementation of regulation. Turkey as a developing country, has some regulatory institutions in order to regulate some specific sectors. Yet, these regulatory institutions have poorly performed because of facing challenges. For these reasons, existing regulatory understanding and implementation problems should be evaluated, and so that, new regulatory understanding should be created. In order to make efficient evaluation, primarily, the explanation about dominant factors of establishing on regulatory institutions, are given. The main point of the evaluation could provide to have new regulatory understanding. Additionally, the evaluation of regulatory institutions and understanding in Turkey may also provide that the new understanding to transition economies. Hence, all the explanations and evaluations are suggested to support implementing efficient regulation in transition countries.