Dilemmas of structural adjustment and environmental policies under instability: Post-1980 Turkey

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Boratav K., Turel O., Yeldan E.

WORLD DEVELOPMENT, cilt.24, sa.2, ss.373-393, 1996 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 24 Sayı: 2
  • Basım Tarihi: 1996
  • Doi Numarası: 10.1016/0305-750x(95)00140-8
  • Dergi Adı: WORLD DEVELOPMENT
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.373-393
  • Orta Doğu Teknik Üniversitesi Adresli: Hayır

Özet

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.