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External Liberalization, Economic Performance and Social Policy$
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Lance Taylor

Print publication date: 2001

Print ISBN-13: 9780195145465

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195145465.001.0001

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Turkey: Globalization, Distribution and Social Policy, 1980–1998

Turkey: Globalization, Distribution and Social Policy, 1980–1998

Chapter:
(p.317) 10 Turkey: Globalization, Distribution and Social Policy, 1980–1998
Source:
External Liberalization, Economic Performance and Social Policy
Author(s):

Korkut Boratav

A. Erinc Yeldan

Ahmet H. Köse

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195145465.003.0010

Turkey initiated its long process of integration with the world commodity and financial markets in 1980, and the successive stages of liberalization have been surveyed and are overviewed here. Since its early inception, the Turkish adjustment program was hailed as a model by the orthodox international community, and was supported by generous structural adjustment loans, debt relief, and technical aid; currently, the Turkish economy can be said to be operating under conditions of a truly open and liberalized economy, and in this setting, many of the instruments of macro and fiscal control have been transformed, and the constraints of macroequilibrium have undergone major structural change. The analytics of the two distinct phases of liberalization (1980–8 and 1989–98) is the theme of the first section of this chapter, where the modes of accumulation and surplus creation under both subperiods are addressed separately; the second section carries this analysis to microaspects of adjustment and reports on the evolving patterns of employment, labor productivity, and overall informalization of the labor force. Responses to pressures of international competitiveness and the emerging patterns of income distribution are studied in the third section, and in the fourth section, the preceding analysis is applied to size distribution of income and the incidence of postliberalization adjustments on poverty. The incidence of globalization on public sector accounts and the state's changing role in the provision of public goods are narrated in the fifth section, and the sixth concludes with an overview of the social policy implications of globalization.

Keywords:   debt relief, fiscal control, globalization, income distribution, liberalization, loans, market competition, poverty, social policy, structural adjustment

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