The 1994 economic crisis in Turkey
McNab, Robert M.
MetadataShow full item record
The Turkish economy remained an inward-oriented closed economy until the government launched an economic reform and stabilization program on January 24, 1980, to liberalize the Turkish economy. The stabilization program had a favorable impact on the Turkish economy, transforming it into an export-oriented, private-sector-driven economy. As the economy flourished, however, increasing political competition forced the government to compromise the stabilization program and pursue fiscally damaging populist economic policies, which resulted in an economic crisis in the beginning of 1994. The government responded to the economic crisis by launching an IMF backed economic stabilization program on April 5, 1994. As the economy recovered and economic stability improved, the government delayed continued implementation of the structural measures of the April 5th stabilization program, which resulted in the further deterioration of the Turkish economy. The worsening fiscal situation eventually culminated in another major economic crisis in 2001. The purpose of this thesis is to examine the causes of the 1994 Turkish economic crisis and the role of the government's economic policies in the emergence of the crisis. In addition, this thesis tries to demonstrate correlation between the economic crises of 1994 and 2001.
RightsCopyright is reserved by the copyright owner.
Showing items related by title, author, creator and subject.
Senegal the economic reforms and the influence of the informal sector on the economic reform process Ndiaye, Modiene. (Monterey, California. Naval Postgraduate School, 2002-06);After a severe economic crisis, the Senegalese government was strongly committed to restructuring an economy that was close to financial collapse. To restore economic growth and efficiency, Senegal implemented political ...
Kocaaliogullari, Serdar. (Monterey, California. Naval Postgraduate School, 1996-06);The purpose of this study is to offer a fairly general discussion of the patterns of development in Turkey between 1923 and 1991 by contrasting the 1923-1980 period with the post-liberalization era of the l980s, and to ...
Aanitra, Mohammed (Monterey, California. Naval Postgraduate School, 1996-06);This thesis focuses on the evolution of the Moroccan economy. It also looks at how the implementation of the Structural Adjustment Program delayed decentralization and how its success led to privatization that resulted in ...