Middle Income Trap and Turkey: Ways of Getting Out

Erhan Uğurlukol () and Nevser Mine Tükenmez ()
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Erhan Uğurlukol: Dokuz Eylül University
Nevser Mine Tükenmez: Dokuz Eylül University

BRAND. Broad Research in Accounting, Negotiation, and Distribution, 2019, vol. 10, issue 1, 37-51

Abstract: The main problem of developing countries in today's economy is that they cannot increase their per capita income above a certain level. This situation is expressed as middle-income trap. Being stuck at a certain level of gross domestic product per capita for long years, raised the question of whether Turkey is caught in the middle-income trap. Aim: To assess the situation in Turkey in terms of middle-income trap concept and to provide recommendations. Method: The concept of middle-income trap will be defined, relevant literature will be presented, exit strategies brought in the literature will be presented in conjunction with Turkey's current data. Findings: Whether or not in the middle income trap, there are important steps to be taken by Turkey in order to become a developed country economy: These can be listed as increasing the savings rate and investment in R & D and innovation, improving the quality of education, ensuring fairness in income distribution and in particular raising the level of technology used in the manufacturing industry

Keywords: Middle Income Trap; GDP Per Capita; Economic Growth; Turkey. (search for similar items in EconPapers)
Date: 2019
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