Historically Turkey hasn't had much success in attracting foreign investment. Slowly that is changing. There's a tradition of arbitrary decisions by government ministers and senior civil servants, which would ruin businesses from one day to the next, and which has tended to deter foreign investment. That's changing, and convergence with E.U. practices is a good thing in that it improves governance.

There's opposition in Europe to Turkish membership because these are the inevitable fears of energetic, poorer, Muslim outsiders who will come in and work hard and take jobs. There's also a fear that under E.U. rules Turkey might get a disproportionate amount of cohesion funds and agricultural subsidies - although it's quite clear that Europe is changing its rules, and that there will not be very much in the way of net transfers of resources from Europe to Turkey.

Turkey, as an ex-imperial power, is all in favor of empires guaranteeing law and order on its borders. Turkey's and America's basic interests with regard to Iraq are identical. They both want a stable and rational Iraq that would use its considerable oil wealth in order to improve its own lot. But there doesn't seem to be very much prospect of that at the moment.

There are of course economic advantages to having Turkey as a member of the European club. It's a developing country with a large, reasonably well-trained labor force at a time when the European birth rate is dropping at a catastrophic rate and Europe is graying. It offers opportunities for greater trade and investment to the benefit of both Turkey and Europe.

We've seen in Europe after the recent terrorist attacks a certain retrogression in human rights. It depends on how threatened the Turks feel. For example, Turkey became much more tolerant towards Kurdish nationalists when the killing of Turkish soldiers stopped in southeastern Turkey and body bags stopped arriving. Now, since June there's been a revival of Kurdish attacks on Turkish troops - something like 150 people have been killed by terrorists supplied from and operating out of bases in northern Iraq. So Turks are feeling much less tolerant of Kurdish nationalism.

In Turkey religion not only affects society but is affected by it, which is why Turkish Islam differs from Arab Islam. It's a more modern, more rational, more self-confident society.

Turkey's relationship with the West is a love-hate one. There are people in Turkey who want to open to the outside world and others who are frightened of the outside world. They don't feel secure; they think that foreigners are trying to harm or even destroy Turkey. But that's not true of the majority of Turks, who want to exercise their skills in a global market.