The Liberalization and Instability Process in Turkish Economy

Ayhan Uçak ()
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Ayhan Uçak: Trakya University

Eurasian Business & Economics Journal, 2016, vol. 01, issue 01, 36-42

Abstract: Today, for Turkish economy, its current account deficit is pointed as the most important indicator in the meaning of fragility. To finance the large current account deficits is also seen as a key problem for Turkish economy. Therefore, exchange rate is the most sensitive macroeconomic variable in Turkish economy. This is not a new problem and also not unique. The problems in the economy connected to the issue arranged like that: current account deficit- level of exchange rate- preference of domestic or foreign input- unemployment- inflation. All these problems can be defined as telescopic for Turkish economy. The origins of these difficulties have to be searched at the steps which taken thirty-thirty five years ago for neoliberal transformation. The main purpose of this study is to remind this process which the economy has faced as liberalization but also as unstability.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eas:buseco:v:01:y:2016:i:01:p:36-42

DOI: 10.17740/eas.econ.2016-MSEMP-5

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