Outward Orientation and Exchange Rate Policy in Developing Countries: the Turkish Experience

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 10 in Change and Challenge in the World Economy, 1985, pp 208-235 from Palgrave Macmillan

Abstract: Abstract Turkey had long pursued an inward-oriented development strategy but changed its policy orientation in January 1980 in response to the economic crisis which it experienced. This essay places the economic policies applied in Turkey in an international context, with a view to further our understanding of the changes that have occurred since 1980. The essay will also consider possible future reform measures in Turkey, with attention given to short-term as well as to long-term objectives.

Keywords: Exchange Rate; Interest Rate; Real Exchange Rate; Real Interest Rate; Exchange Rate Policy (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17991-6_10

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DOI: 10.1007/978-1-349-17991-6_10

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