Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum

Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum

Turkey saw phenomenal growth in the 2000s as economic reforms ushered in FDI, GVCs expanded, and productivity increased. The early 2000s saw Turkey exit from major economic crisis with a strengthened fiscal framework, a strengthened, inflation-targ...

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Main Author: World Bank
Format: Report
Language:English
Published: Washington, DC: World Bank 2022
Subjects:
GLOBAL VALUE CHAINS
ECONOMIC CRISIS
FISCAL FRAMEWORK
LOWER MIDDLE INCLOME COUNTRIES
Online Access:http://documents.worldbank.org/curated/en/099445003022237667/originalNames
http://hdl.handle.net/10986/37095
id okr-10986-37095
recordtype oai_dc
spelling okr-10986-370952022-04-05T15:25:08Z Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum World Bank GLOBAL VALUE CHAINS ECONOMIC CRISIS FISCAL FRAMEWORK LOWER MIDDLE INCLOME COUNTRIES Turkey saw phenomenal growth in the 2000s as economic reforms ushered in FDI, GVCs expanded, and productivity increased. The early 2000s saw Turkey exit from major economic crisis with a strengthened fiscal framework, a strengthened, inflation-targeting mandate for the Central Bank, the establishment of an independent bank regulator, and importantly, a recently agreed Customs Union agreement with the EU. From 2001 to 2017, incomes per capita in Turkey doubled in real terms and tripled in current dollar terms. Turkey transformed from a lower-middle-income country (LMIC) at the start of the 2000s to very nearly reaching high-income status by 2014. This drove a rapid fall in poverty from above 30 percent to just 9 percent1. Very few other countries matched Turkey’s growth over this period, and almost all of them were new EU member states. 2022-03-08T17:19:01Z 2022-03-08T17:19:01Z 2022-03-02 http://documents.worldbank.org/curated/en/099445003022237667/originalNames http://hdl.handle.net/10986/37095 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research Europe and Central Asia Turkey
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic GLOBAL VALUE CHAINS
ECONOMIC CRISIS
FISCAL FRAMEWORK
LOWER MIDDLE INCLOME COUNTRIES
spellingShingle GLOBAL VALUE CHAINS
ECONOMIC CRISIS
FISCAL FRAMEWORK
LOWER MIDDLE INCLOME COUNTRIES
World Bank
Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum
geographic_facet Europe and Central Asia
Turkey
description Turkey saw phenomenal growth in the 2000s as economic reforms ushered in FDI, GVCs expanded, and productivity increased. The early 2000s saw Turkey exit from major economic crisis with a strengthened fiscal framework, a strengthened, inflation-targeting mandate for the Central Bank, the establishment of an independent bank regulator, and importantly, a recently agreed Customs Union agreement with the EU. From 2001 to 2017, incomes per capita in Turkey doubled in real terms and tripled in current dollar terms. Turkey transformed from a lower-middle-income country (LMIC) at the start of the 2000s to very nearly reaching high-income status by 2014. This drove a rapid fall in poverty from above 30 percent to just 9 percent1. Very few other countries matched Turkey’s growth over this period, and almost all of them were new EU member states.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum
title_short Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum
title_full Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum
title_fullStr Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum
title_full_unstemmed Leveraging Global Value Chains for growth in Turkey : A Turkey Country Economic Memorandum
title_sort leveraging global value chains for growth in turkey : a turkey country economic memorandum
publisher Washington, DC: World Bank
publishDate 2022
url http://documents.worldbank.org/curated/en/099445003022237667/originalNames
http://hdl.handle.net/10986/37095
_version_ 1764486554242252800

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