Dilemmas of structural adjustment and environmental policies under instability
Date
1996-02
Authors
Boratav, K.
Tural, O.
Yeldan, E.
Editor(s)
Advisor
Supervisor
Co-Advisor
Co-Supervisor
Instructor
Source Title
World Development
Print ISSN
0305-750X
Electronic ISSN
Publisher
Elsevier
Volume
24
Issue
2
Pages
373 - 393
Language
English
Type
Journal Title
Journal ISSN
Volume Title
Series
Abstract
The Turkish structural adjustment since 1980 has been associated with chronic instability. Since the late 1980s, the weaknesses in the fiscal system and the premature external liberalization emerge as the main factors hindering the passage toward stable growth. Enforced and erratic distributional changes and relative stagnation of capital accumulation have undermined the growth potential of the economy. Further, it is demonstrated that existing market structures may negate environmental policies based on market incentives. These observations, as well as those on the interactions of the market system and the environment, create strong arguments in favor of an active state.