Turkish Economy

Between Middle Income Trap and High Income Status

Editors: Aysan, A., Babacan, M., Gur, N., Karahan, H. (Eds.)

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  • First major study of the post-2011 dynamics of the Turkish economy
  • Reviews the shift from "regulatory neo-liberalism" to a new style developmentalism
  • Includes extensive coverage of different structural problems of the Turkish economy
  • Authors and contributors have extensive experience of the policy-making processes in Turkey during the post-2002 AKP era
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eBook $139.00
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Hardcover $179.00
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  • ISBN 978-3-319-70379-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
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  • ISBN 978-3-030-09953-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies. 
The growth of the Turkish economy in the 2000’s was based on two integrated fundamental factors: fixing deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to pleasing rates of economic growth, fuelled particularly by domestic private investments along with revived consumption and exports. Driven by political stability established by single party governments in the post-2002 period, an improved economic outlook helped Turkey enjoy record levels of foreign investment, adding momentum to its growth story. 
The Turkish experience in the post-crisis period implies that in order to achieve a fast and - more importantly - sustainable onward growth, the economy needs a new generation of structural reforms that simultaneously heal fragility and vitalize economic activity.

The papers in this book offer professional assessments and assistance - especially for policymakers, and present a new direction upon which the Turkish economy - and emerging markets - can progress successfully for a further 15 years.

About the authors

Dr Ahmet Faruk Aysan is an associate professor and a member of the Board and the Monetary Policy Committee of the Central Bank of the Republic of Turkey. Dr Aysan has served as a consultant at various institutions including the World Bank, the Central Bank of the Republic of Turkey and Oxford Analytica, and he has been lecturing at the Department of Economics at Boğaziçi University since 2005. 
Before joining the Central Bank, Dr Aysan was Deputy Director of the Center for Economics and Econometrics at Boğaziçi University, a member of the G-20 Financial Safety Net Experts Group, a member of the Advisory Board of Social Sciences and Humanities Research Group of TÜBİTAK, and a National Expert in 'Socio-Economic Sciences and Humanities' under the Seventh Framework Programme of the European Union.
Dr Aysan's fields of specialization are international finance, macroeconomics, political economy, banking and finance, econometrics, governance and development.
Dr Mehmet Babacan is an advisor to the Office of the Prime Minister of Turkey. He has also been a member of the Auditing Committee of the Central Bank of the Republic of Turkey since May 2015. Dr Babacan has contributed a range of publications, projects, research documents and conference presentations, primarily on international trade and governance, economic growth, and political economy. He has published and refereed for articles in several international journals and is the author of three book chapters on trade and development in distinct edited volumes.
Dr Nurullah Gur is currently a faculty member at the Department of Economics & Finance, Istanbul Medipol University. He has published numerous articles in international journals with a focus on economic development and finance-real sector relations. 
Dr Hatice Karahan specialises in macroeconomics, and currently heads the Department of Economics and Finance at Istanbul Medipol University. In addition, she serves as an economic consultant for the Turkish Exporters’ Assembly and writes bi-weekly columns at Yeni Safak, a Turkish newspaper. Karahan also contributes to Dunya, a national newspaper on economy and business with her opinion columns. She has academic publications on the Turkish economy, foreign trade, energy, R&D, and entrepreneurship in various national and international journals, books and reports.


Table of contents (17 chapters)

Table of contents (17 chapters)
  • On the Path to High-Income Status or to Middle-Income Trap: The Turkish Economy in Search of Its Future

    Aysan, Ahmet Faruk (et al.)

    Pages 1-11

  • The Role of the State in the Turkish Economy

    Gur, Nurullah

    Pages 15-37

  • Political Economy of Transformation of Capital Structure in Turkey: A Historical and Comparative View

    Babacan, Abdurrahman

    Pages 39-58

  • Single-Party Governments as a Cause and Coalitions as a Consequence of Coups in Turkey

    Akarca, Ali T.

    Pages 59-100

  • Between Risks and Opportunities: Social Policies in Contemporary Turkey

    Aysan, Mehmet Fatih

    Pages 101-120

Buy this book

eBook $139.00
price for USA in USD (gross)
  • ISBN 978-3-319-70380-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA in USD
  • ISBN 978-3-319-70379-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA in USD
  • ISBN 978-3-030-09953-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Turkish Economy
Book Subtitle
Between Middle Income Trap and High Income Status
Editors
  • Ahmet Aysan
  • Mehmet Babacan
  • Nurullah Gur
  • Hatice Karahan
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-70380-0
DOI
10.1007/978-3-319-70380-0
Hardcover ISBN
978-3-319-70379-4
Softcover ISBN
978-3-030-09953-4
Edition Number
1
Number of Pages
XX, 419
Number of Illustrations
7 b/w illustrations, 38 illustrations in colour
Topics