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.

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

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.

Since the financial crisis of 2000 and 2001 the Turkish economy has undergone considerable change and some improvement. This book gives a detailed examination of the neo-liberal restructuring that has taken place and the challenges the economy still faces, providing a comparative perspective on recent reforms and the position of Turkey in the global economy. This book examines all major aspects of the post-crisis economic performance of the Turkish economy. Major sectors of the economy such as agriculture and manufacturing along with key issues such as privatization, export growth, developments in the labour market, poverty and social exclusion are analysed in detail. The authors consider Turkish performance from a comparative perspective, drawing attention to its similarities with the experience of other emerging markets. Providing an insight into the major difficulties of post-crisis adjustment, sustainability of the gains achieved so far and the challenges that lie ahead, this book will be of interest to academics and scholars in the fields of International Political Economy and Globalization Studies, Middle East Studies and Development Studies, as well as having significance for practitioners in emerging markets.

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.

Essay from the year 2008 in the subject Business economics - Economic Policy, grade: 1.3, Marmara University (Department of Economics), course: Turkish Economy, language: English, abstract: People living in Turkey might have very well experienced it, people, like the author, looking at Turkey as an independant observer, might not know it too much. Since it's foundation in 1923, Turkey witnessed turbulent times almost thoroughgoing the 20th Century. Political as well as economical wise. Economically the climax was reached when Turkey felt into international insolvency in 1978. From then on, although attempts were made in earlier years too, large reforms were introduced. In this paper we will look at the Turkey's trade policy before and after the liberalization reforms of the 1980's. Trade liberalization mostly implies less intervention by the government in the traded goods sectors. But whether a less interventionist trade regime results in a less distorted, more open and outward oriented economy will depend on the characteristics of the pre- and post-reform trade and exchange rate regimes. This paper aims to present a general survey about Turkish trade policy: a bird's eye view. The author therefore abstains from generating a model and test the impact of the reforms on one single industry. Instead, such regression results are rather resorted to other studies, in order to generate an appropriate picture of the trade liberalization as a whole without getting stucked into detail too much on the one hand, and without staying out of detail too much on the other hand. The rst section outlines the economical background of Turkey from the pre-1980-reform period at rst and con- tinues with a presentation of the reforms imposed from 1980 onwards. It draws a historical picture as well as it points out the main impacts on the export and import pattern of Turkey's foreign trade. The following section deals with Turkey's accession of the Customs Union of the European Union in 1996. There is economical and politacal weight ascribed to the accesion as it is seen to be a major step towards a full membership of the European Union for Turkey. After outdrawing the historical backgrounds of the accesion, we will look at its impact on trade for several sectors, mainly by examining a study done by De Santis in 2001. Another section shows some empirical observations on trade indicators and their change in respect to the liberalization reforms.

The Political Economy of Regulation in Turkey brings together leading international scholars and experts on Turkey and regulatory reform to provide essential information on the recent Turkish experience and its relation to competition policy. After the 1980 liberalization reform, Turkey tried to introduce competition in many industries, but network industries have remained as monopolies. At the end of the 1990s, regulatory reform was initiated and independent regulatory agencies have been established by the government. Comprehensive discussions of these network industries, in particular airlines, electricity, natural gas, telecommunications and environment regulations, are offered. The contributors inquire how economic theory and historical analyses can enlighten the character of market processes and the role for government action in these industries, and the contributions shed light on the very recent changes in the regulatory structure and important legal cases that shape the future of regulated industries. This book discusses these issues in an international perspective and relates the Turkish experience to other similar countries, such as in Eastern Europe and Central America. This book serves as a useful guide to those who want to understand major changes in Turkey and regulatory reforms in other emerging markets, making it of interest to researchers and PhD students concerned with regulatory economics, the Turkish economy, and economic policy in emerging markets.