Mina Toksoz, Mustafa Kutlay, William Hale

Industrial Policy in Turkey (eBook, PDF)

Rise, Retreat and Return

• Format: PDF

Produktbeschreibung

Examines the evolution of Turkey's industrial policies in a global context over the last century

• Gives a conceptual review of the major debates on industrial policy and its evolution in Turkey that have closely followed international trends
• Documents Turkey's industrial policies over the last century to analyse continuity and change in its industrialisation performance
• Traces the evolution of industrial policies and the resulting changes in industrial structure to assess the impact of these policies
• Highlights differences between old and new industrial policies, with the tech-upgrade focus of the latter requiring higher skills and institutional capacity and the need to move beyond the old dichotomies such as import substitution vs export growth
• Draws on key indicators of public and private investment in manufacturing, the contribution of state enterprises, state banks' share of credit, the trends in state investment incentives, and various forms of on-and off-budget industrial incentives over time

At a time when many advanced and emerging economies are adopting more active industrial policies, this book provides an in-depth historical-empirical account of industrial policy in Turkey - its rise, retreat and return. This study adopts a multidisciplinary approach and covers the role of the state in Turkey's initial industrialisation to the current period of restructuring and potential technological upgrading of its manufacturing base. The analysis traces how industrial policy has been shaped by state capacity, the waves of reforms following economic crises, the dearth of long-term finance for industrialisation and, more recently, the need to address issues such as low-tech industrial structure and pre-mature de-industrialisation.

The authors argue that industrial policy is not a choice but a necessity for late developers to achieve structural transformation, and also that success is difficult and context-dependent with institutions playing a central role. They conclude that although the rise in protectionism and geo-economic conflicts is not as supportive as in the 1960s, the current global context creates opportunities for middle-income economies to implement effective industrial policy.

The argument draws on comparisons with other emerging economies, with a special focus on Brazil. It aims to answer questions of what worked and what went wrong with previous policies. It asks how current policies could be shaped to overcome the problems of cronyism and corruption, and also achieve new objectives of technological upgrading and socio-environmental sustainability. To this end, the book poses broader conceptual and empirical questions of relevance to all economies undertaking industrial policies today.

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Produktdetails

• Verlag: Edinburgh University Press
• Erscheinungstermin: 4. Dezember 2023
• Englisch
• ISBN-13: 9781399510172
• Artikelnr.: 72413686

Autorenporträt

Mina Toksoz is an International Economist having worked at the Economist Intelligence Unit variously as Editorial Director of the Middle East, Europe, and the Country Risk Service. She was Senior Equity Strategist EMEA at AbnAmro, Head of Country Risk at Standard Bank, and Senior Manager of Sovereign risk at Lloyds' Bank. Other associations included Associate Fellow at Chatham House and is currently an Honorary Lecturer at the University of Manchester Business School; and council member of British Association for Turkish Area Studies. She has written widely on Turkey, Middle East, Emerging Markets, and her latest book The Economist Guide to Country Risk was published by Profile Books in 2014. Mustafa Kutlay is a senior lecturer in the Department of International Politics at City, University of London. His current research focuses on developing countries (with particular reference to the political economy of Turkey and Turkish foreign policy), comparative political economy of institutions and development in the global South, and political risk analysis. His articles appeared in International Affairs, Journal of Democracy, Globalizations, Government & Opposition, Third World Quarterly and The British Journal of Politics and International Relations, among others. William Hale is an Emeritus Professor in the Department of Political and International Studies at the School of Oriental and African Studies, London University, and a former Professor with special reference to the politics of Turkey in the Department. He is the author of numerous book, including Turkish Foreign Policy 1774-2000 (2000, Frank Cass), Turkey, the United States and Iraq (2006, London Middle East Institute) and Islamism, Democracy and Liberalism, The Case of the AKP (co-authored with Ergun Özbudun, 2011, Routledge) besides many articles on Turkey's politics and foreign relations.