An Anatomy of the Economy of the ‘Turkish Republic of Northern Cyprus’ (TRNC)

Despite growth in recent years, the economy of the “TRNC” remains fragile and the sustainability of the convergence process without due reform and restructuring is questionable. For sustained investment and growth, far-reaching reforms are certainly required in the private and public sectors, in banking and finance and in the workings of a market economy. This paper presents an overview of the “TRNC” economy, develops the appropriate policy framework and sets clear strategic objectives for growth and efficiency. An overall assessment is that growth and developmental objectives can be better met within the framework of a unified Cypriot economy, which is part of the European and international economy