The distribution of foreign direct investments in the service sector in Istanbul

Abstract

Turkey adopted neo-liberal policies in order to increase its economic integration into international relations after 1980. As a result of these measures, foreign direct investment (FDI) inflows increased greatly and Istanbul became the prime site for foreign firms operating in Turkey's various service sectors, such as financial, producer and distributive services. The location preferences of the foreign firms were generally in parallel with the development of the central business district (CBD) of Istanbul, although in some cases the location preferences of the foreign investors contributed to the emergence of new center extensions. (C) 2002 Elsevier Science Ltd. All rights reserved.