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Thinking About a New Industrial Policy Framework for Turkey

  • Murat A. Yülek
Chapter

Abstract

The positive association between the manufacturing sector and economic growth suggests that manufacturing can act as an engine of growth. Successful industrial policy can be instrumental in breaking out of the middle-income trap in developing countries. Turkey has utilized different industrial policy sets with varying success. One outcome was that it has fallen into three middle-income traps since 1980. Currently, Turkey can be considered a medium-level industrialized economy open to competitive pressure from both developing and developed countries.

After reviewing the industrialization process in Turkey, this chapter assesses Turkey’s current level of industrialization. Next, it places Turkey and a set of comparators on a streamlined industrialization process map. Finally, it outlines the main features of an appropriate industrial policy for Turkey that would address the identified deficiencies.

Keywords

Manufacturing Industrial policy Industrialization Turkey Value added Science, technology, and innovation policies 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Murat A. Yülek
    • 1
  1. 1.Center for Industrial Policy and DevelopmentIstanbul Commerce UniversityIstanbulTurkey

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