Conclusively, PESTEL analysis provides an overview of the political, economic, socio-cultural, technological, legal and environmental trends in Turkey that investors must consider. The political trends reveal that the country ‘s location has allowed it to form alliances with several UN and NATO. Secondly, has a stable presidential system of government, which has faced several failed millitary coups. Lastly, Turkey has a restrained relationship with EU due to their failure to become a permanent member despite several attempts. Turkey’s economic situation depicts a free market economy controlled by industrial, services and agricultural sectors. Besides, the country has low corporate tax rate, making it attractive to foreign direct investment. Next, an overview of Turkey’s socio-demongraphics reveals that the country has a large youthful population. Moreover, the country’s location gives it a multicultural identity with Islam as the dominant religion. It is also noteworthy that Turkey has high consumption for technology products since the population is technologically minded. This creates a huge market for technological products including e-commerce in the country. However, Turkey lacks sufficient infrastructure to achieve its target of becoming one of the most technologically advanced countries in the world. Furthermore, Turkey’s environment is marked with beautiful scenery, beaches and historical sites. However, the country is facing critical environmental challenges caused by increased industrial activities. This has led to increased air water and marine pollution in Turkey. Finally, the legal and regulations framework in Turkey protects both locals and foreigners. The Turkish law also protects employees’ rights through an impartial judiciary. Therefore, the that Turkey is a suitable investment destination for investors.
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