Dilemmas of structural adjustment and environmental policies under instability: Post-1980 Turkey

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1996-02-01

Author

Boratav, K
Turel, O
Yeldan, E

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The Turkish structural adjustment since 1980 has been associated with chronic instability. Since the late 1980s, the weaknesses in the fiscal system and the premature external liberalization emerge as the main factors hindering the passage toward stable growth. Enforced and erratic distributional changes and relative stagnation of capital accumulation have undermined the growth potential of the economy. Further, it is demonstrated that existing market structures may negate environmental policies based on market incentives. These observations, as well as those on the interactions of the market system and the environment, create strong arguments in favor of an active state.

Subject Keywords

Geography, Planning and Development, Economics and Econometrics, Development, Sociology and Political Science

URI

https://hdl.handle.net/11511/66326

Journal

WORLD DEVELOPMENT

DOI

https://doi.org/10.1016/0305-750x(95)00140-8

Collections

Department of Economics, Article

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Citation Formats

K. Boratav, O. Turel, and E. Yeldan, “Dilemmas of structural adjustment and environmental policies under instability: Post-1980 Turkey,” WORLD DEVELOPMENT, pp. 373–393, 1996, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/66326.