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Year 2022, Volume: 2 Issue: 2, 55 - 62, 23.12.2022

Abstract

References

  • Bhagwati, J. (1986). Rethinking trade strategy. Oxford Overseas Development Council.
  • Boratav, K. (1998). Türkiye iktisat tarihi 1908-1985. Istanbul: Gerçek.
  • Cengiz, V. & Öruç, E. (2016). Sanayi üretimi ve politikalar. In Türkiye ekonomisinin dönüşümü. (ed. Erdoğan, S. & Gedikli, A.) Kocaeli: Umuttepe.
  • Clark, C. (1940). The conditions of economic progress. London: Macmillan and Co.
  • European Commission (2008). Statistical classification of economic activities in the European community. Luxembourg. https://ec.europa.eu/eurostat/documents/3859598/5902521/KS-RA-07-015-EN.PDF Accessed 20 September 2022
  • Eşsiz, F.P. & Özdemir, M.G. (2013). Osmanlı’dan ikibinli yıllara Türkiye’nin ekonomik tarihi: Tarihsel ve sektörel analiz. (ed. Dikkaya, M., Üzümcü, A. & Özyakışır, D.) Ankara: Savaş.
  • Fisher, A.G.B. (1939). Production, primary, secondary and tertiary. Economic Record, 15(1), 24-38. doi:10.1111/j.1475- 4932.1939.tb01015.x
  • Gür, B. (2006). Sanayi planlarının hazırlanmasına temel teşkil eden raporlar. Öneri: Marmara Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 7(25), 201-219.
  • Gürsel, S. (2013). Türkiye ekonomisinde büyüme ve yapısal sorunlar: BETAM Araştırma Notları: 2008-2012. Istanbul: BAU. https://data.tuik.gov.tr/ Accessed 20 September 2022
  • https://data.tuik.gov.tr/Kategori/GetKategori?p=dis-ticaret-104 Accessed 20 September 2022
  • https://databank.worldbank.org/source/world-development-indicators Accessed 20 September 2022
  • https://ec.europa.eu/eurostat/data/database Accessed 20 September 2022
  • Kaldor, N. (1966). Causes of the slow rate of economic growth of the United Kingdom: An inaugural lecture. Cambridge University Press.
  • Karluk, R. (2014). Türkiye ekonomisi: Cumhuriyet’in ilanından günümüze yapısal dönüşüm. (13th ed.). Ankara: Beta.
  • Kazgan, G. (2000). İktisadi düşünce veya politik iktisadın evrimi (9th ed.). Istanbul: Remzi.
  • Levi-Faur, D. (1997). Friedrich List and the political economy of the nation-state. Review of International Political Economy, 4(1), 154-178.
  • Minibaş, T. (1992). Az gelişmiş ülkelerde kalkınmanın finansman politikaları ve Türkiye. Istanbul: Der.
  • Mosconi, F. (2015). The new industrial policy: Global competitiveness and the manufacturing renaissance. New York, Routledge.
  • Şahin, H. (2016). Türkiye ekonomisi tarihsel gelişimi-bugünkü durumu. Bursa: Ezgi.
  • Turanlı, R. (2011). İktisadi düşünce tarihi. Istanbul: Bilim Teknik.
  • TurkStat (2022). Haber bülteni: Tüketici fiyat endeksi. No. 45798 (September). Ankara.
  • Yenal, O. (2013). Cumhuriyet’in iktisat tarihi (2nd ed.). Istanbul: Türkiye İş Bankası.
  • Yülek, M. (2017). On the middle income trap, the industrialization process and appropriate Industrial Policy. Journal of Industry, Competition and Trade, 17(3), 325-348.
  • Yülek, M. (2019). Ulusların yükselişi: İmalat, ticaret, sanayi politikası ve ekonomik kalkınma (2nd ed.). Istanbul: Kronik.
  • Yülek, M.A. & Gür, B. (2022a). Industrial policy and social engineering at the beginning of the twentieth century: The case of Sümerbank Nazilli textile factory in Turkey. Social Evolution & History, 21(1), 146-174. https://doi.org/10.30884/seh/2022.01.06
  • Yülek, M.A. & Gür, B. (2022b). State management of regional industrialization and modernization in the early Turkish Republic: The case of Sümerbank and its cotton textiles plants. Journal of Management History, 28(3), 388-408. https://doi.org/10.1108/JMH-08-2021-0045

The Effects of Economic Policy Choices on Industrialization in Turkiye

Year 2022, Volume: 2 Issue: 2, 55 - 62, 23.12.2022

Abstract

This study examines the impact of Turkiye's economic policy choices on industrialization since the Global Crisis. For the study period, TurkStat and World Bank data on the main industrial sector indicators such as production, value added, exports and imports, and technology intensity were used. The study concludes that such choices were shaped in parallel with the global economy until 2019. In terms of the second observation, the relationship between economic policy preferences and industrialization, industrialization increases during periods of protectionist economic policies, and although the industrial sector loses its top priority during periods of liberal economic policies, increased integration with the world economy and private sector entrepreneurship add momentum to industrialization. The third observation is that the structural problems of the Turkish economy lead to economic instability and adversely affect industrialization, regardless of the choice of economic policy. The fourth observation is that after the Global Crisis of 2008, global competition has been increasingly based on technology, an area where Turkiye lags behind. Aiming for short-term economic growth through wrong macroeconomic policy choices, the country moves away from ensuring long-term economic growth and economic development through industrialization based on technological development, and the whole economy faces increasing risks.

References

  • Bhagwati, J. (1986). Rethinking trade strategy. Oxford Overseas Development Council.
  • Boratav, K. (1998). Türkiye iktisat tarihi 1908-1985. Istanbul: Gerçek.
  • Cengiz, V. & Öruç, E. (2016). Sanayi üretimi ve politikalar. In Türkiye ekonomisinin dönüşümü. (ed. Erdoğan, S. & Gedikli, A.) Kocaeli: Umuttepe.
  • Clark, C. (1940). The conditions of economic progress. London: Macmillan and Co.
  • European Commission (2008). Statistical classification of economic activities in the European community. Luxembourg. https://ec.europa.eu/eurostat/documents/3859598/5902521/KS-RA-07-015-EN.PDF Accessed 20 September 2022
  • Eşsiz, F.P. & Özdemir, M.G. (2013). Osmanlı’dan ikibinli yıllara Türkiye’nin ekonomik tarihi: Tarihsel ve sektörel analiz. (ed. Dikkaya, M., Üzümcü, A. & Özyakışır, D.) Ankara: Savaş.
  • Fisher, A.G.B. (1939). Production, primary, secondary and tertiary. Economic Record, 15(1), 24-38. doi:10.1111/j.1475- 4932.1939.tb01015.x
  • Gür, B. (2006). Sanayi planlarının hazırlanmasına temel teşkil eden raporlar. Öneri: Marmara Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 7(25), 201-219.
  • Gürsel, S. (2013). Türkiye ekonomisinde büyüme ve yapısal sorunlar: BETAM Araştırma Notları: 2008-2012. Istanbul: BAU. https://data.tuik.gov.tr/ Accessed 20 September 2022
  • https://data.tuik.gov.tr/Kategori/GetKategori?p=dis-ticaret-104 Accessed 20 September 2022
  • https://databank.worldbank.org/source/world-development-indicators Accessed 20 September 2022
  • https://ec.europa.eu/eurostat/data/database Accessed 20 September 2022
  • Kaldor, N. (1966). Causes of the slow rate of economic growth of the United Kingdom: An inaugural lecture. Cambridge University Press.
  • Karluk, R. (2014). Türkiye ekonomisi: Cumhuriyet’in ilanından günümüze yapısal dönüşüm. (13th ed.). Ankara: Beta.
  • Kazgan, G. (2000). İktisadi düşünce veya politik iktisadın evrimi (9th ed.). Istanbul: Remzi.
  • Levi-Faur, D. (1997). Friedrich List and the political economy of the nation-state. Review of International Political Economy, 4(1), 154-178.
  • Minibaş, T. (1992). Az gelişmiş ülkelerde kalkınmanın finansman politikaları ve Türkiye. Istanbul: Der.
  • Mosconi, F. (2015). The new industrial policy: Global competitiveness and the manufacturing renaissance. New York, Routledge.
  • Şahin, H. (2016). Türkiye ekonomisi tarihsel gelişimi-bugünkü durumu. Bursa: Ezgi.
  • Turanlı, R. (2011). İktisadi düşünce tarihi. Istanbul: Bilim Teknik.
  • TurkStat (2022). Haber bülteni: Tüketici fiyat endeksi. No. 45798 (September). Ankara.
  • Yenal, O. (2013). Cumhuriyet’in iktisat tarihi (2nd ed.). Istanbul: Türkiye İş Bankası.
  • Yülek, M. (2017). On the middle income trap, the industrialization process and appropriate Industrial Policy. Journal of Industry, Competition and Trade, 17(3), 325-348.
  • Yülek, M. (2019). Ulusların yükselişi: İmalat, ticaret, sanayi politikası ve ekonomik kalkınma (2nd ed.). Istanbul: Kronik.
  • Yülek, M.A. & Gür, B. (2022a). Industrial policy and social engineering at the beginning of the twentieth century: The case of Sümerbank Nazilli textile factory in Turkey. Social Evolution & History, 21(1), 146-174. https://doi.org/10.30884/seh/2022.01.06
  • Yülek, M.A. & Gür, B. (2022b). State management of regional industrialization and modernization in the early Turkish Republic: The case of Sümerbank and its cotton textiles plants. Journal of Management History, 28(3), 388-408. https://doi.org/10.1108/JMH-08-2021-0045
There are 26 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Research Articles
Authors

Betül Gür

Publication Date December 23, 2022
Published in Issue Year 2022 Volume: 2 Issue: 2

Cite

APA Gür, B. (2022). The Effects of Economic Policy Choices on Industrialization in Turkiye. Industrial Policy, 2(2), 55-62.