Developments in the Turkish Economy During the Period Between 2000-2010 in the Light of the Free-market Economy Policies of the 1980s and 1990s  

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作  者:SıtkıSelim Dolanay 

机构地区:[1]Independent Researcher,Isparta,Türkiye

出  处:《Economics World》2024年第4期165-179,共15页经济世界(英文版)

摘  要:The structural changes that took place in the Turkish Economy following the January 24,1980 decisions and their aftermath.With the policies of opening up to the outside world and transition to a free market economy in the 1980s in the Turkish Economy,there were radical changes in the structure of the economy and the prices of all goods and services began to be determined by the market under market conditions.In the 1980s,which can be called the transition period to the Free Market Economy and open economy,efforts were made to privatize state institutions and determine the prices of goods and services under free market conditions in order to withdraw the state from economic life,while on the other hand,efforts were made to grant freedom to foreign trade.While these two main issues were being realized,the import substitution industrialization strategy was abandoned and the export-oriented growth model was started to be implemented.The last step of this opening up and liberalization process was realized with the decision number 32 in 1989.We can say that with the liberalization of capital movements in the 1990s,economic growth and development were tried to be achieved through hot money inflows rather than direct foreign investments.This trend made the economy more open to crises,and for the first time,a crisis occurred in the form of the 1994 economic crisis,which was understood to be caused by hot money.The 1994 economic crisis was tried to be overcome by providing state guarantees to bank deposits and applying high interest rates.Thus,it is noteworthy that high inflation was experienced in the period until the 2001 economic crisis.We can say that the financial crisis that occurred in 2001 as a result of the environment that occurred in the 1990s deepened and turned into an economic crisis,and the economic and political effects of this crisis were experienced.Although there have been many economic crises in the history of the Republic,this crisis is considered to be the most deeply effective.While the crisis was ov

关 键 词:Turkish economy free market economy IMPORT export INVESTMENTS economic growth INFLATION 

分 类 号:F42[经济管理—产业经济]

 

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