Tracing the Economic Transformation of Turkey from the 1920s to EU Accession

This book examines the economic transformation of Turkey, a nation that has risen from bare subsistence in the early 1920s to a thriving market economy as it approaches its EU destination. It reviews the liberal period of the 1920s, highlights Turkey’s inward-looking economic and policy environments that prevailed for more than four decades, and provides an in-depth look at the stabilization and restructuring efforts since the 1980s, focusing on the legislative and political reforms implemented to comply with the terms of entry into the EU. This is a timely title that will be of great interest to policy makers, academics, and the general public, and is a valuable reference for students and scholars of international economics, macroeconomics, and public policy.
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Biographical Note

Tevfik F. Nas is professor of Economics at The University of Michigan-Flint. His scholarly works include Cost-Benefit Analysis (1996), Economics and Politics of the Turkish Economy (1992) and Liberalization and the Turkish Economy (1988), and over 20 published articles on macroeconomic, public policy, and international issues in various journals, including the American Political Science Review, Russian and East European Finance and Trade Journal, and Contemporary Economic Policy.

Table of contents

Illustrations
Acknowledgements

1. Introduction
2. An Overview of the Turkish Economy: 1920–80
3. Stabilization and Restructuring during the 1980s
4. The Financial Crisis of 1994 and the April 5
Austerity Plan
5. Turkish Inflation
6. The Crisis of 2001 and the Program for the Transition
to a Strong Economy
7. Economic and Policy Environment before the 2002 General Election
8. Macroeconomic Policies and Outcomes during the Post-2002 Election
Period
9. Turkey and the EU
10. Starting the Accession Talks
11. Prospects for Full Membership: A Commentary

Bibliography
Index

Readership

The title will be of great interest to policy makers and the general reader and is a valuable reference for students and scholars of international economics, macroeconomics, and public policy.

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