Europe and Eurasia
Countries selected were Bosnia, Croatia and Turkey. After researching these three countries I determined that Turkey is the most promising as far as a recent track record.
Turkey is predominantly a middle-income country who endured high inflation for approximately the last 30 years; its economy is transitioning from dependence upon agriculture and industrial economy to a varied and more modern economy with a globalized services sector. The economy began to open up in the 1980s but Turkey’s economy suffered from a series of coalition governments with weak economic policies in the 90’s, leading to erratic success and failure phases, creating banking and economic crisis’s and economic recession. In the last decade plus, Turkey's economy has improved significantly with a nod in the direction of improved monetary and economic policies and reforms. From 2002 to 2005, Turkey's economy grew an average of 7.5% per year; one of the fastest rates of growth in the world. Government debt has lessened to manageable levels while business as well as purchaser assurance has returned and continued reforms which include stringent economic policy, are detrimental to maintain expansion along with stability.
Turkey attracted almost $10 billion in FDI and a similar level in 2006. This encouraged numerous small businesses, both local and international to establish themselves. Assisted by the start of Turkey’s European Union Agreement, negotiations, stable growth and structural changes in the banking, retail, and telecommunications, foreign investment is at an all time high. Turkey has taken steps to improve its asset environment through organizational reform, they have numerous mutual investments and tax treaties with the United ...