ABSTRACT

The global crisis that we are experiencing primarily started to show its effects on developed countries, and later on spread to other countries that have economic and social relationship with the prior ones. In order to crosscheck its effects on these countries, macro- economic indicators relating to both pre-crisis and post-crisis have been statisticaly analysed. Analyses have been made in a framework of macro-economic indicators related to both pre-criris and post-crises, using unweihted least squares method along with factor analysis tecniques for both member and nonmember countries of the European Union and the difference between this method and others has been shown. As a result, both member and nonmember countries of the European Union have been sorted according to the result of the factor analysis carried out both before and after the crisis, and also the obtained results have been interpreted.