A comparative study of Chinese and Turkish economic reform policies in the age of globalization

Though with different strategies and responses, yet all continue to share the same difficult task of development in this given conditions of globalizing world. My thesis compares and contrasts the reform history of China and Turkey under the overarching system of globalization as an attempt to find out better ways to achieve development. Although their socio-economic and political systems differ, China and Turkey have entered the world of globalization by launching the reform policies almost at the same time period and both faced the same elements of risks and opportunities generated by this system. My thesis utilizes the methodology of compare and contrast to examine China’s dualistic strategy of state regulation within an open economy and Turkey’s primary economic strategies based on the private enterprises to deduce that too much liberalization, especially in the field of financial market, could cause a slow-down to, if not harm, the economy. The thesis concludes with the speculation on how such success of Chinese economy could come to a halt if further liberalization especially in the form of capital account liberalization continues in the future.