Distributional Dynamics in Turkey under “Structural Adjustment” of the 1980s

Bibliographic Data

ID6093939
AuthorsKorkut Boratav (Bilkent University), Oktar Türel (Bilkent University), A Erinç Yeldan (0000-0002-3123-4374, Bilkent University), Erinç Yeldan
Year1994
Volume11
Pages43-69
Publication date1994-01-01
Open AccessYes
TypeARTICLE
VenueNew Perspectives on Turkey (JOURNAL)
Journal identifiersISSN: 0896-6346 • E-ISSN: 1305-3299
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0896634600000984
OpenAlexW2506213781
LanguageEN
Citations received9
References cited1

The economic and political crisis which Turkey faced during 1977-1980 was resolved by an orthodox stabilization program adopted early in 1980, immediately followed by conventional structural adjustment measures and the military coup realized on September of the same year. The Turkish experience with orthodox stabilization and structural adjustment incorporates a number of specificities and it will be useful to recall them briefly.First of all, the striking element of continuity in basic economic policy orientation which lasted from 1980 up till 1089 without any significant reversals should be emphasized. The personal role of Turgut Özal as Vice Premier in charge of the economy during 1980-1982 under the military governments and Prime Minister during 1984-1991, was a determining factor in this respect. Reversals and hesitations as observed in Latin American experiences due to differences between rival monetarist schools or between populist and right wing political groupings played practically no role for almost ten years in Turkey. The political pressures which resulted in a switch back to populism in 1989 —a theme to be investigated in this paper— marked, in our view, a drastic shift away from the policy model adopted in 1980

Economics · Element (criminal law · Market economy · Political economy · Political science · Politics · Populism · Prime minister · Structural adjustment · Theme (computing · Economic Theory and Policy · Global Financial Crisis and Policies · Law

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