Trade liberalization and competitive structure in Turkey during the 1980s

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dc.citation.epage51en_US
dc.citation.spage5en_US
dc.contributor.authorTogan, Sübideyen_US
dc.contributor.editorTogan, Sübidey
dc.contributor.editorBalasubramanyam, V. N.
dc.date.accessioned2019-05-03T12:08:55Z
dc.date.available2019-05-03T12:08:55Z
dc.date.issued1996en_US
dc.departmentDepartment of Economicsen_US
dc.descriptionChapter 2en_US
dc.description.abstractAll present-day industrial and developing countries have, at one time or another, protected their manufacturing industries. Turkey is no exception. It has protected import-substituting industries over exports and industry over agriculture during the three decades 1950–79. During this period, Turkey followed an inward-oriented development strategy. Until the mid-1960s it was engaged in replacing the imports of nondurable consumer goods by domestic production. By the mid-1960s Turkey was able to satisfy the domestic demand for those commodities. It then had a choices of two strategies: it could either embark on exportation of manufactured goods, or it could move on to the second stage of import substitution. Turkey chose the latter strategy and replaced the imports of intermediate goods and consumer durables by domestic production. But these commodities had different characteristics from those replaced at the first stage. They were highly capital intensive, they required the availability of skilled and technical labour and were subject to economies of scale, with efficient plant size being large compared to domestic needs. Correspondingly high protection of these industries was required. High protection was achieved through tariffs, quotas and over-valued exchange rates. As a result, the incremental capital output ratio increased considerably and eventually the maintenance of the pace of growth became more and more costly.en_US
dc.identifier.doi10.1007/978-1-349-24464-5_2en_US
dc.identifier.doi10.1007/978-1-349-24464-5en_US
dc.identifier.eisbn9781349244645
dc.identifier.isbn9781349244669
dc.identifier.urihttp://hdl.handle.net/11693/51093
dc.language.isoEnglishen_US
dc.publisherPalgrave Macmillanen_US
dc.relation.ispartofThe economy of Turkey since liberalizationen_US
dc.relation.isversionofhttps://doi.org/10.1007/978-1-349-24464-5_2en_US
dc.relation.isversionofhttps://doi.org/10.1007/978-1-349-24464-5en_US
dc.subjectReal exchange rateen_US
dc.subjectTrade liberalizationen_US
dc.subjectSubsidy rateen_US
dc.subjectRevealed comparative advantageen_US
dc.subjectCompetitive structureen_US
dc.titleTrade liberalization and competitive structure in Turkey during the 1980sen_US
dc.typeBook Chapteren_US

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