Industrial Policies and Outcomes: A Comparison of Pre-liberalized Korean and Turkish Economies

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dc.contributor.authorYülek, Murat Ali
dc.date.accessioned2020-11-21T15:54:07Z
dc.date.available2020-11-21T15:54:07Z
dc.date.issued2016en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractSince the 1960s Korea and Turkey have been among the fastest growing economies globally with a transformation of their economic structures from an agrarian into an industrial one. However, design and implementation of their industrial polices have been different, leading to different industrialization paths and end points. This paper reviews and contrasts the industrial policies in the two countries on a comparative basis during their periods of rapid industrialization that precede economic and financial liberalization (1960–80 for Turkey and 1962–97 for Korea). Korean industrial policies were more focused; targeting specific industries and complementing this with manpower and technology policies. While import substitution has been prevalent in both countries, Korea has simultaneously emphasized export orientation while Turkey has not. Macroeconomic management was more prudent in Korea than in Turkey. Repressive financial policy together with directed crredits were common in both, as were tax incentives favouring industrial investments. © 2016 City University of Hong Kong.en_US
dc.identifier.doi10.1080/15339114.2015.1128843en_US
dc.identifier.endpage200en_US
dc.identifier.issn1533-9114
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-84965044003en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage179en_US
dc.identifier.urihttps://doi.org/10.1080/15339114.2015.1128843
dc.identifier.urihttps://hdl.handle.net/11467/3764
dc.identifier.volume15en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledgeen_US
dc.relation.ispartofJournal of Comparative Asian Developmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjecteconomic developmenten_US
dc.subjectexport orientationen_US
dc.subjectimport substitutionen_US
dc.subjectIndustrial policyen_US
dc.subjectKoreaen_US
dc.subjectTurkeyen_US
dc.titleIndustrial Policies and Outcomes: A Comparison of Pre-liberalized Korean and Turkish Economiesen_US
dc.typeArticleen_US

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