Hostname: page-component-7bb8b95d7b-dvmhs Total loading time: 0 Render date: 2024-09-12T13:54:35.488Z Has data issue: false hasContentIssue false
  • English
  • Français

Can Effective Industrial Restructuring be Compatible with Market- Oriented Structural Adjustment Policies? The Evidence from Turkey

Published online by Cambridge University Press:  21 July 2015

Fikret Şenses
Fikret Şenses*
Affiliation:
Department of Economics, Middle East Technical University, Ankara
Get access Rights & Permissions [Opens in a new window]

Extract

One of the main objectives of the Stabilization and Structural Adjustment Program (SSAP) introduced in Turkey in January 1980 was to transform the industrial trade strategy from archetypal import-substitution to export-orientation and to attain a higher level of integration with the international economy through market-based policies. International financial institutions like the IMF and, in particular, the World Bank have been closely involved in this process. Apart from a number of stand-by agreements with the IMF, Turkey received five successive structural adjustment loans from the World Bank during 1980-84 with their conditionality extending into a wide range of spheres like import liberalization, export promotion, and financial liberalization. Not only was Turkey one of the first to conclude such agreements with the World Bank, it was also identified as one of the countries complying with their provisions with “low slippage”.3 Even when there were no formal agreements, successive governments since 1980 have had very close and amicable relations with both of these Bretton Woods institutions.

Type
Research Article
Information
New Perspectives on Turkey , Volume 13 , Fall 1995 , pp. 51 - 74
Copyright
Copyright © New Perspectives on Turkey 1995

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Amsden, A. H. 1994. “Upgrading and Diversifying in Late Industrialization,” in Şenses (1994), pp. 25–38.Google Scholar
Ansal, H. 1994. “International Competitiveness and Industrial Policy: The Turkish Experience in the Textile and Truck Manufacturing Industries,” in Şenses (1994), pp. 175–90.Google Scholar
Aşıkoğlu, Y. 1992. “Strategic Issues in Exchange Rate Liberalization: A Critical Evaluation of the Turkish Experience,” in Nas, T.F. and Odekon, M. (eds), Economics and Politics of Turkish Liberalization. Bethlehem, PA: Lehigh University Press, pp. 101–23.Google Scholar
Barlow, R. and Şenses, F. 1995. “The Turkish Export Boom—Just Reward or Just Lucky?” Journal of Development Economics, (forthcoming).CrossRefGoogle Scholar
Eraydin, A. 1994. “Changing Spatial Distribution and Structural Characteristics of the Turkish Manufacturing Industry,” in Şenses (1994), pp. 155–74.Google Scholar
Kaytaz, M. 1994. “Subcontracting Practice in the Turkish Textile and Metal-Working Industries,” in Şenses (1994), pp. 141–54.Google Scholar
Kirkpatrick, C. and Öniş, Z. 1991. “Aid and Power World Bank and Policy Based Lending,” in Mosley, Paul et al. (eds), Turkey. Vol. 8, London: Routledge, pp. 9–38.Google Scholar
Nixson, F.I. 1994. “The Industrialization Debate,” in Şpnses (1994), pp. 7–24.Google Scholar
Organization for Economic Co-operation and Development. 1993. Economic Surveys Turkey. Paris: OECD.Google Scholar
Öniş, Z. 1994a. “Globalization and the Nation State: The Possibilities and Limits of State Intervention in Late Industrialization,” Sosyal Bilimler Dergisi, 1(3), pp. 112–23.Google Scholar
Öniş, Z. 1994b. “Liberalization, Transnational Corporations and Foreign Direct Investment in Turkey: The Experience of the 1980s”, in Şenses (1994), pp. 91–110.Google Scholar
Özmucur, S. and Karataş, C. 1994. “The Public Enterprises Sector in Turkey: Performance and Productivity Growth, 1973-1988,” in Şenses (1994), pp. 111–40.Google Scholar
Roe, A.R.et al. 1984. “Industrial Restructuring, Issues and Experiences in Selected Developed Economies,” World Bank Technical Papers, No. 21, Washington, D.C.Google Scholar
Şenses, F. 1990. “Foreign Trade Liberalization in an Arch-Type Import Substituting Economy: The Case of Turkey,” in Singer, H.W.et al. (eds), Trade Liberalization in the 1990s. New World Series, Vol.8. New Delhi: Indus, pp. 387–406.Google Scholar
Şenses, F. 1991. “Turkey’s Stabilization and Structural Adjustment program in Retrospect and Prospect,” The Developing Economies, Vol. XXXIX, No. 3, September, pp. 210–34.CrossRefGoogle Scholar
Şenses, F. (ed.) 1994. Recent Industrialization Experience of Turkey in a Global Context. Westport, Conn.: Greenwood Press.Google Scholar
Şenses, F. 1994a. “The Stabilization and Structural Adjustment Program and the Process of Turkish Industrialization: Main Policies and Their Impact,” in Şenses (1994), pp. 51–74.Google Scholar
Şenses, F. 1994b. “Labor Market Response to Structural Adjustment and Institutional Pressures: The Turkish Case,” METU Studies in Development, 21(3), pp. 405–48.Google Scholar
Şenses, F. 1994c. “Türkiye’de ve Dünyada Yükseköğretim, Bilim ve Teknoloji,” METU Studies in Development, 21(3), pp. 465–74.Google Scholar
Şenses, F. 1995. “Özelleştirme, Kamu Girişimciliği ve Sanayileşme,” Birikim (70), February.Google Scholar
SIS (State Institute of Statistics). 1992. Annual Manufacturing Industry Statistics, 1989. Ankara.Google Scholar
SIS. 1995. Annual Manufacturing Industry Statistics, 1991. Ankara.Google Scholar
SPO (State Planning Organization). 1995. “Yedinci Beş Yıllık Kalkınma Planı, 1996-2000,” Resmi Gazete, 25 July, No.22354.Google Scholar
SPO (State Planning Organization). 1995a. “Yedinci Beş Yıllık Kalkınma Planı Öncesinde Makroekonomik Gelişmeler 1990-94,” Ankara, June.Google Scholar
Weiss, J. 1994. “Some Comments on the Role of Public Sector in Industrialization,” in Şenses (1994), pp. 39–50.Google Scholar
World Bank. 1987. World Development Report 1987. Washington D.C.Google Scholar
World Bank 1995. World Development Report 1995. Washington D.C.Google Scholar
Yeldan, A. E. 1994. “The Economic Structure of Power under. Turkish Structural Adjustment: Prices, Growth and Accumulation,” in Şenses (1994), pp. 75–90.Google Scholar