IV. Yıldız Sosyal Bilimler Kongresi, İstanbul, Turkey, 21 December 2017, pp.78
The Turkish Government is encouraging the private sector with the recent development policies in order to increase employment and taxes. Thus, resources can be created for public expenditures and growth of the current account deficit can be prevented. Private sector activity is directly linked to the conditions of the business environment. Therefore, the study focuses on the factors that shape the business environment. A facilitator business environment encourages companies to operate effectively. Such conditions increase key productivity factors for sustainable development by encouraging firms to innovate. A country with a productive private sector not only increases its employment but also collects more taxes for health, education and other public services. On the other hand, a bad business environment leads to an increase in obstacles to commercial activities. Thus, the probability of achieving employment, production targets and prosperity is decreasing. The qualitative and quantitative datas about countries’ business environment characteristics are collected through “The Enterprise Survey” that is conducted by the World Bank and its partners. The survey covers every size companies that includes the entire manufacturing sector, the services sector, the transportation and construction sectors in the region where it is made. These characteristics have been evaluated together with the productivity and performance of firms. This study evaluates all the criteria of the questionnaire together. Therefore, the study makes an overall comparison of the countries and regions in terms of business environment. In other words, it is a guide for policy makers and entrepreneurs. The main topics covered in the study include infrastructure, trade, finance, regulations, taxes and business licensing, corruption, crime and informality, finance, innovation, labor, and perceptions about business hindrances. Turkey, the average values of countries in Eastern Europe & Central Asia and the average values of upper middle income countries will be analyzed by the TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) method which is one of the Multi Criteria Decision Making (MCDM) methods. Eventually, it is aimed that Turkey will evaluate its own investor attraction with this business environment analysis according to the countries and groups it is compared with.