THE ROLE OF INSTITUTIONS OVER ECONOMIC CHANGE IN TURKEY
Tamer Cetin, T Cetin, F Yilmaz
book_chapter (Uluslararası, Hakemli) | Yazar(lar): Tamer Cetin, T Cetin, F Yilmaz | Yıl: 2010 — Özet: Turkey has attempted to institutionalize its economic endowment for a long time. During this struggle, it has overcome violent stages and political clashes in the different terms including various features. In the 1980
Turkey has attempted to institutionalize its economic endowment for a long time. During this struggle, it has overcome violent stages and political clashes in the different terms including various features. In the 1980s, Turkey initiated to experience transition to the economic institutions of capitalism and put liberalization to the forefront in setting economic policies. However, liberalization did not obtain a relaxation in the traditional state structure. On the other hand, Turkey suffered from the loose political structure in the 1990s. Coalition governments have long dominated the political and economic institutional structure. As a result, the 1980s and the 1990s had not exactly been able to bring about an economic change based on institutionalization in the political, bureaucratic and legal spheres. Rather, while the legal and bureaucratic processes resisted economic change, the political processes led to a rent seeking society. In this context, the goal of this chapter is to analyze the role of institutional endowment in Turkey over economic change. The chapter especially focuses on the interaction among political institutions and economic change. In doing so, it aims to reveal the credibility and influence of political institutions on the process of economic change in Turkey.