OECD Territorial Reviews
Subtitle: Istanbul, Turkey 2008
By: Organisation for Economic Co-operation and Development
Series: OECD Territorial Reviews; OECD territorial reviews
Publisher: OECD Publishing
Published: 2008
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 276
ISBN-13: 9789264043831
Subjects: Governance; Rural and Regional Development Urban
Description: Istanbul has established itself as the industrial, financial and logistics centre of the country, producing almost one-third of the national output and absorbing the bulk of foreign direct investment. And, on the international scale, Istanbul ranks among the fastest growing OECD metro-regions. This review finds, however, that Istanbul faces challenges that could hamper its ambition to become a Eurasian hub for finance, logistics, culture and tourism, as well as its development in general. Its economy is changing from one driven by labour-intensive activities to one based on knowledge industries, while traditional and labour-intensive sectors (e.g. textiles and its supply chain) are shifting only gradually and slowly to other complementary industry segments. Constraints on human capital development and the informal sector have hindered productivity levels and increased income disparities. Over-migration is putting a burden on Istanbul’s transport, public infrastructure and housing, and earthquake risk management. The scale and variety of these challenges necessitates improving local public management and implementing a national strategy to reduce regional disparities and to limit migration flows towards the megalopolis.