Tevfik F. Nas - Economics and politics of Turkish liberalization
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Turkey--Economic policy, Turkey--Economic conditions--1960- , Turkey--Politics and government--1960-
publication date
:
1992
lcc
:
HC492.E3 1992eb
ddc
:
338.9561
subject
:
Turkey--Economic policy, Turkey--Economic conditions--1960- , Turkey--Politics and government--1960-
Page 3
Economics and Politics of Turkish Liberalization
Edited by Tevfik F. Nas and Mehmet Odekon
Page 4
Disclaimer: This book contains characters with diacritics. When the characters can be represented using the ISO 8859-1 character set ( http://www.w3.org/TR/images/latin1.gif ), netLibrary will represent them as they appear in the original text, and most computers will be able to show the full characters correctly. In order to keep the text searchable and readable on most computers, characters with diacritics that are not part of the ISO 8859-1 list will be represented without their diacritical marks.
(c) 1992 by Associated University Presses, Inc.
All rights reserved. Authorization to photocopy items for internal or personal use, or the internal or personal use of specific clients, is granted by the copyright owner, provided that a base fee of $10.00, plus eight cents per page, per copy is paid directly to the Copyright Clearance Center, 27 Congress Street, Salem, Massachusetts 01970. [0-934223-19X/92 $10.00 + 8 pp, pc.]
Associated University Presses 440 Forsgate Drive Cranbury, NJ 08512
Associated University Presses 25 Sicilian Avenue London WC1A 2QH, England
The paper used in this publication meets the requirements of the American National Standard for Permanence of Paper for Printed Library Materials Z39.48-1984.
Library of Congress Cataloging-in-Publication Data Economics and politics of Turkish liberalization/edited by Tevfik F. Nas and Mehmet Odekon. p. cm. Includes bibliographical references and index. ISBN 0-934223-19-X (alk. paper) 1. Turkey-Economic policy. 2. Turkey-Economic conditions 1960- 3. Turkey-Politics and government-1960- I. Nas, Tevfik F. II. Odekon, Mehmet. HC492.E3 1992 338.9561-dc20 91-60583 CIP
PRINTED IN THE UNITED STATES OF AMERICA
Page 5
Contents
Acknowledgments
7
1. The Impact of Turkey's Stabilization and Structural Adjustment Program: An Introduction
Tevfik F. Nas, University of Michigan, Flint
11
2. Politics and Economic Policy-Making in Turkey, 1980-1988
Sabri Sayari, Rand Corporation and George Washington University
26
3. Export-Led Growth and the Center-Right Coalition in Turkey
John Waterbury, Princeton University
44
4. Organization of Export-Oriented Industrialization: The Turkish Foreign Trade Companies in a Comparative Perspective
Ziya nis*, Bogazii University, Istanbul*, and Princeton University
73
5. Strategic Issues in Exchange Rate Liberalization: A Critical Evaluation of the Turkish Experience
Yaman Asikoglo, City University of New York, City College and Graduate Center
101
6. Economic Stabilization and Structural Adjustment in Turkey: Evidence from Macroeconomic Accounts
Patrick Conway, University of North Carolina, Chapel Hill
124
7. The Effects of Liberalization on Traded and Nontraded Goods Sectors: The Case of Turkey
Merih Utum,, Federal Reserve Bank of New York
143
8. Turkish Liberalization: From the Perspectives of Manufacturing Firms
Memet Odekon, Skidmore College, Saratoga Springs, New York
155
Page 6
9. Arbitrage and Return for Political Risk in Turkey in the 1980s
Dogan* Tirtirglu* and Ercan Tirtiroglu* University of Connecticut, Storrs, and Southeastern Massachusetts University, North Dartmouth
176
References
188
Index
199
Page 7
Acknowledgments
We thank Gina Swift (Skidmore College) for her excellent typing, John Danison (Skidmore College) for his computer assistance, and Paula L. Nas and Ginny Egan Lagather for their support and editorial assistance.
The project was partially supported by a Skidmore College Faculty Grant and the Economics Department of the University of Michigan, Flint.
Page 11
1 The Impact of Turkey's Stabilization and Structural Adjustment Program: An Introduction
Tevfik F. Nas
The Turkish economy, after ten years of uninterrupted experimentation with economic liberalization, still lacks a sustainable balance among competing political and economic interests. Despite impressive accomplishments and considerable progress toward a free-market economy, trade and budget deficits remain, and more important, the problems of high inflation and political uncertainty continue to destabilize and delay the structural adjustment process.
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