The Costs of Economic Liberalization in Turkey PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Costs of Economic Liberalization in Turkey PDF full book. Access full book title The Costs of Economic Liberalization in Turkey by Mehmet Odekon. Download full books in PDF and EPUB format.
Author: Mehmet Odekon Publisher: Lehigh University Press ISBN: 9780934223751 Category : Business & Economics Languages : en Pages : 184
Book Description
This book's main theme is that the neoliberal economic policies forced on developing countries by the International Monetary Fund and the World Bank serve the interests of Western industrial countries more than those of developing countries, as the post-1980 Turkish experience illustrates. Within a simple dependency-oriented framework the book presents the effects of liberalization policies in Turkey. These policies were mostly concerned with allocative efficiency, disregarding distributional efficiency issues. The results were not always socially or politically desirable. These policies consistently favored capital over labor and created an economic system that made the rich richer and the poor poorer. Privatization, in the name of raising allocative efficiency, contributed to increasing inequality and poverty. Anti-inflationary policies, debt-reduction schemes, environmental policies, and agricultural reforms all favored the interests of high-income groups. transferring surplus from the national metropolis to the international metropolis, or by restructuring the developing countries' output, input, and financial markets so that any exchange between developing and industrial countries would
Author: Mehmet Odekon Publisher: Lehigh University Press ISBN: 9780934223751 Category : Business & Economics Languages : en Pages : 184
Book Description
This book's main theme is that the neoliberal economic policies forced on developing countries by the International Monetary Fund and the World Bank serve the interests of Western industrial countries more than those of developing countries, as the post-1980 Turkish experience illustrates. Within a simple dependency-oriented framework the book presents the effects of liberalization policies in Turkey. These policies were mostly concerned with allocative efficiency, disregarding distributional efficiency issues. The results were not always socially or politically desirable. These policies consistently favored capital over labor and created an economic system that made the rich richer and the poor poorer. Privatization, in the name of raising allocative efficiency, contributed to increasing inequality and poverty. Anti-inflationary policies, debt-reduction schemes, environmental policies, and agricultural reforms all favored the interests of high-income groups. transferring surplus from the national metropolis to the international metropolis, or by restructuring the developing countries' output, input, and financial markets so that any exchange between developing and industrial countries would
Author: Sübidey Togan Publisher: Routledge ISBN: 1136995161 Category : Business & Economics Languages : en Pages : 337
Book Description
The experience of Turkey, its approach to liberalization and its measures to eliminate barriers to trade serve as a useful model for other neighboring countries of the European Union. This book examines the impact of economic liberalization in Turkey and its approach to the elimination of barriers to trade.
Author: V. Balasubramanyam Publisher: Springer ISBN: 1349244643 Category : Business & Economics Languages : en Pages : 215
Book Description
Many developing countries have embarked on liberalisation programmes in recent years. One such programme which has attracted wide attention and posed a number of analytical issues is that undertaken by Turkey during the 1980s. The nine essays in this volume provide an analytical review of recent developments in relation to Turkey's economic transactions. The primary focus of most of the essays is on the impact of trade and investment liberalization policies of Turkey on Turkey's foreign trade and growth. A feature of the book is the in-depth empirical analysis of the issues grounded in recent trade and investment theories.
Author: Harvard University, Cambridge, MA, USA John F. Kennedy School of Government Publisher: Springer ISBN: 1349112747 Category : Political Science Languages : en Pages : 289
Book Description
Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.
Author: Tevfik Nas Publisher: Praeger ISBN: Category : Business & Economics Languages : en Pages : 248
Book Description
This work consists of original essays and analyses that focus on aspects of the stabilization and liberalization of Turkey between 1980 and 1987. It outlines the problems of liberalization in a highly protective and inward-looking policy environment such as Turkey. The essays also explore several prospects that could assist Turkey's transition to an outward-looking, free-market economy. Liberalization and the Turkish Economy provides fresh and timely perspectives on a modern-day economy. The analysis of the conributors will be informative to those involved in the study of economic trends in Turkey and worldwide.
Author: Sübidey Togan Publisher: Oxford University Press ISBN: 0191067725 Category : Business & Economics Languages : en Pages : 410
Book Description
Transport costs have been, and still are, an important component of trade costs, which are one the major determinants of the volume of trade, and thus of gross domestic product (GDP) and GDP growth. Studies show that two of the main determinants of transport costs are regulatory frameworks in transport sectors and transport infrastructure. The productivity and competitiveness of goods and services firms depends largely on access to low-cost and high-quality transport services, and those services have a powerful influence on economic growth. Countries commit themselves to increasing the efficiency of transport services, which can largely be achieved through increased competition and hence through liberalization of transport sectors. Since barriers to trade in transport services are typically regulatory in nature, this book provides a thorough discussion of international, regional, and country specific rules and regulations in those sectors. Concentrating on the EU, and Turkey in particular, it considers rules and regulations in transport sectors. It shows that economic liberalization pursued unilaterally, multilaterally, or regionally has beneficial effects for Turkey, and that the benefits from such liberalization are substantial. Furthermore, the volume shows that transport infrastructure is an important determinant of exports, and hence GDP and GDP growth.
Author: Dani Rodrik Publisher: ISBN: Category : Deficit financing Languages : en Pages : 64
Book Description
In late 1979, Turkey stood in the throes of a foreign exchange crisis, with widespread shortages, negative growth, and inflation into triple digits. A decade later, Turkey has a comfortable balance-of-payments situation, and sits atop considerable foreign exchange reserves. The economy has achieved a remarkable transformation from an inward-oriented outlook to an outwardoriented one. Yet, after some success in the early 1980s, inflation remains unconquered and the public sector budget is out of control. This paper provides an interpretation of the Turkish experience in the 1980s. It is argued that foreign capital inflows in the early 1980s cushioned the fiscal squeeze, and allowed a relatively painless reduction in inflation alongside a process of export-oriented growth. In the best of all possible worlds, the outward-oriented reforms would have taken sufficient root by the mid-1980s to allow the public sector to undertake the delayed retrenchment as the inflows came to an end, at no great cost to output. Instead, policy followed a mix of liberalization with patronage politics detrimental to monetary discipline. Financial liberalization reduced demand for base money at the same time that fiscal balances came under increasing strain due to the external transfer. Inflation was rekindled under the dual influence of fiscal deficits and a shrinking base for the inflation tax.
Author: Mehmet Odekon
Author: Mehmet Odekon
Author: Sübidey Togan
Author: V. Balasubramanyam
Author: Harvard University, Cambridge, MA, USA John F. Kennedy School of Government
Author: Concordia University. Department of Economics
Author: Tevfik Nas
Author: Sübidey Togan
Author: Nesecan Balkan
Author: Dani Rodrik
Author: Ercan Uygur