The standing of industrialization has fallen in the list of social
and economic objectives of developing countries in recent years.
Turkey provides an ideal example of this beginning with a program
adopted in 1980 under the auspices of the IMF and the World Bank.
The macroeconomic and microeconomic issues concerning Turkish
industrialization in global context with particular emphasis on the
decade of the 1980s are examined. The rapid transformation in
industrialization strategy from import substitution under heavy
state direction to outward orientation has had a profound effect on
industrialization of Turkey.
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