Can Istanbul be as competitive as Paris in the context of regional development process? : which lessons can be drawn?

TL;DRAbstract

The regions are the corner stones of the nations, especially when the economic and cultural aspect is taken into consideration due to the fact that the efficiency and effectiveness of the regions affect the nation’s welfare. If the regions achieve to remain their economic stability in line with their improvement, nationally, the countries become more powerful and competitive in the global basis. It would be improper to disdain the importance of the regions in the context of national economy. With respect to the growth in the world trade and the liberalization of the world trading system, harmonization of fiscal and monetary policies among countries has an increasing trend depending on the discipline which is enforced by the global financial markets. Therefore regions are repressed to compete in the international markets directly. If the regions are efficient in competing, the national economic performance of the countries rises. Therefore the relation between regional competitivenes

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