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Turkish Economy: Between Middle Income Trap and High Income Status

Turkish Economy: Between Middle Income Trap and High Income Status

Hardcover

EconomicsGeneral Political Science

ISBN10: 331970379X
ISBN13: 9783319703794
Publisher: Palgrave Macmillan
Published: Apr 16 2018
Pages: 419
Weight: 1.89
Height: 1.31 Width: 5.83 Depth: 8.27
Language: English
This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies.
The growth of the Turkish economy in the 2000's was based on two integrated fundamental factors: fixing deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to pleasing rates of economic growth, fuelled particularly by domestic private investments along with revived consumption and exports. Driven by political stability established by single party governments in the post-2002 period, an improved economic outlook helped Turkey enjoy record levels of foreign investment, adding momentum to its growth story.

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