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Title:Temporary star or emerging tiger? Turkey's recent economic performance in a global setting PDF Logo
Authors:Öniş, Ziya
Bayram, İsmail Emre
Issue Date:2008
Series/Report no.:TÜSİAD-Koç University Economic Research Forum working paper series 0805
Abstract:This article assesses the recent performance of the Turkish economy, questioning whether the currently observed unusual boom conditions will lead to a process of sustainable growth. The latest phase of Turkish neo-liberal transformation in the post-2001 era is placed in a broader historical and global context; at the same time, the performance of the economy in recent years is compared with that of other key emerging markets, based on selected macroeconomic indicators. Utilizing the East Asian experience as the principal benchmark for comparison, this paper examines whether Turkey is on its way to accomplishing tiger-like development performance. Given the current challenges to sustainable growth, we conclude that it is premature to suggest that the impressive performance of the recent years will lead to durable success and tiger-like performance. While the focus is on the Turkish experience, the paper also probes the very nature of tigerlike performance itself, highlighting the fact that in setting standards for exceptional economic performance we need to extend our horizons beyond high rates of economic growth sustained over time, to broader indicators of social, political and human development.
Subjects:Turkey
hyper-growth
East Asian tigers
emerging markets
human development
democratization
JEL:O11
O5
O57
Document Type:Working Paper
Appears in Collections:ERF Working Paper Series, TÜSİAD-Koç University Economic Research Forum (ERF)

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