75 lines
2.3 KiB
YAML
75 lines
2.3 KiB
YAML
abstract: 'After the 2001 crisis, Turkey continued to pursue the radical
|
|
|
|
market-oriented reform strategy that had started in the early 1980s and
|
|
|
|
followed the philosophy of the Washington Consensus. Gross domestic
|
|
|
|
product (GDP) growth in the post-2001 period was relatively high, but it
|
|
|
|
was a `jobless{''''} growth caused by substantial productivity increases
|
|
|
|
generated largely by intensifying the work process rather than by
|
|
|
|
technological advancements. Economic growth in the post-2001 period
|
|
|
|
benefited society very unequally. The growth regime of Turkey is
|
|
|
|
vulnerable owing to high current account deficit; high currency
|
|
|
|
mismatch, particularly in the corporate sector; high income inequality;
|
|
|
|
high unemployment; and an unsatisfactory development of the industrial
|
|
|
|
sector, despite some successes. We recommend a new development regime
|
|
|
|
with selective capital controls, a balanced current account, an active
|
|
|
|
industrial policy by the government, stronger trade unions and
|
|
|
|
employers'' associations engaged in social dialogue combined with
|
|
|
|
coordinated wage bargaining on the sectoral level, and last but not
|
|
|
|
least, redistributive policies aiming to achieve a more equal income
|
|
|
|
distribution.'
|
|
affiliation: 'Herr, H (Corresponding Author), Berlin Sch Econ \& Law, Berlin, Germany.
|
|
|
|
Herr, Hansjoerg; Sonat, Zeynep M., Berlin Sch Econ \& Law, Berlin, Germany.
|
|
|
|
Sonat, Zeynep M., Free Univ Berlin, Berlin, Germany.'
|
|
author: Herr, Hansjoerg and Sonat, Zeynep M.
|
|
author-email: 'hansherr@hwr-berlin.de
|
|
|
|
zeynep-sonat@gmail.com'
|
|
author_list:
|
|
- family: Herr
|
|
given: Hansjoerg
|
|
- family: Sonat
|
|
given: Zeynep M.
|
|
da: '2023-09-28'
|
|
eissn: 1305-3299
|
|
files: []
|
|
issn: 0896-6346
|
|
journal: NEW PERSPECTIVES ON TURKEY
|
|
keywords: 'Turkey; growth regime; monetary policy; international capital flows;
|
|
|
|
financial system'
|
|
keywords-plus: 'EXCHANGE-RATE REGIMES; MARKET; GLOBALIZATION; DETERMINANTS; EXPERIENCE;
|
|
|
|
ECONOMY; POLICY'
|
|
language: English
|
|
month: FAL
|
|
number: '51'
|
|
number-of-cited-references: '98'
|
|
pages: 35-68
|
|
papis_id: 47355124da2328993f3bd037afac1d93
|
|
ref: Herr2014fragilegrowth
|
|
times-cited: '1'
|
|
title: The fragile growth regime of Turkey in the post-2001 period
|
|
type: article
|
|
unique-id: WOS:000346327100002
|
|
usage-count-last-180-days: '1'
|
|
usage-count-since-2013: '12'
|
|
web-of-science-categories: Social Sciences, Interdisciplinary
|
|
year: '2014'
|