Turkey - Country Economic Memorandum : Sustaining High Growth, Selected Issues, Volume 1. Main Report

Show simple item record

collection.link.76
https://openknowledge.worldbank.org/handle/10986/2184
collection.name.76
Country Economic Memorandum
dc.contributor.author
World Bank
dc.date.accessioned
2012-06-14T14:47:24Z
dc.date.available
2012-06-14T14:47:24Z
dc.date.issued
2008-04
dc.date.lastModified
2021-04-23T14:02:36Z
dc.description.abstract
This Country Economic Memorandum (CEM), prepared in collaboration with the Turkish authorities, summarizes recent accomplishments in achieving high growth and analyzes remaining public policy challenges and options available to the authorities to meet these challenges. The country seeks to double the nominal per capita income of its population by 2013. It wants this rapid growth to be inclusive of all segments of society, regions, and economic sectors-especially through improved labor market performance leading to more and better jobs in the economy. At the same time, the authorities want to improve the quality of public services which they see as an important complement to economic growth in improving quality of life. They also believe that the potentially negative environmental consequences of the period of rapid growth ahead need to be managed so that the positive welfare gains from higher per capita income levels do not become eroded by environmental nuisances. Turkey has succeeded in restoring macroeconomic stability and rapid growth, it has been recovering from crisis in 2001 and grew at 7.5 percent per year on average during 2002-2006. In addition, certain dimensions of public sector governance are instrumental in improving quality of life and promoting competitiveness in Turkey including, for example, food safety and environmental protection. Further strengthening of the legal framework and institutions fighting corruption could improve the investment climate, the efficiency of the public sector, and popular support to further reforms, and continuous macroeconomic stability is a necessary (but not sufficient) condition for sustainable growth. Strong fiscal discipline and monetary policy have reduced chronic inflation to below 10 percent in 2005. Public debt has also been reduced and its sustainability has improved. Accordingly, the resilience of the Turkish economy to shocks has improved as demonstrated by the rapid recovery from turmoil in international markets in the summer of 2006 and, more recently, in the summer-autumn of 2007.
en
dc.identifier
http://documents.worldbank.org/curated/en/2008/04/9423787/turkey-country-economic-memorandum-sustaining-high-growth-selected-issues-vol-1-2-main-report
dc.identifier.uri
http://hdl.handle.net/10986/7993
dc.language
English
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CAPITAL
dc.subject
ACCOUNTING
dc.subject
AIR QUALITY
dc.subject
ALLOCATION OF CAPITAL
dc.subject
ALLOCATION OF CREDIT
dc.subject
ARBITRATION
dc.subject
AUDITS
dc.subject
BANK DEPOSITS
dc.subject
BANK LENDING
dc.subject
BANK LIQUIDITY
dc.subject
BANK LOANS
dc.subject
BANK REGULATION
dc.subject
BANKING REGULATION
dc.subject
BANKING SECTOR
dc.subject
BASIC METALS
dc.subject
BENEFICIARIES
dc.subject
BROAD MONEY
dc.subject
CAPITAL FLOW
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL GOODS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL MOVEMENTS
dc.subject
CENTRAL BANK
dc.subject
COLLATERAL
dc.subject
COLLATERAL REGISTRATION
dc.subject
COMPETITIVENESS
dc.subject
CONFLICT OF INTEREST
dc.subject
CONFLICTS OF INTEREST
dc.subject
CONSUMER CREDIT
dc.subject
CONSUMERS
dc.subject
CPI
dc.subject
CREDIBILITY
dc.subject
CREDIT CARDS
dc.subject
CREDIT EXPANSION
dc.subject
CREDIT GROWTH
dc.subject
CREDIT INFORMATION
dc.subject
CREDIT MARKET
dc.subject
CURRENCY
dc.subject
CURRENCY APPRECIATION
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
DEBT
dc.subject
DEBT INSTRUMENTS
dc.subject
DEBT RATIO
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPMENT AGENCIES
dc.subject
DEVELOPMENT POLICY
dc.subject
DISINFLATION
dc.subject
DISPUTE RESOLUTION
dc.subject
DOMESTIC BANKS
dc.subject
DOMESTIC CREDIT
dc.subject
DOMESTIC INTEREST RATES
dc.subject
DUMPING
dc.subject
ECONOMIC CONDITIONS
dc.subject
ECONOMIC COOPERATION
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC DEVELOPMENTS
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC IMPACT
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC SECTORS
dc.subject
ECONOMIC STRUCTURE
dc.subject
ELASTICITIES
dc.subject
EMERGING ECONOMIES
dc.subject
EMERGING MARKET
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
EMERGING MARKETS
dc.subject
EMPIRICAL ANALYSIS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
ENVIRONMENTAL
dc.subject
ENVIRONMENTAL PROTECTION
dc.subject
ENVIRONMENTAL QUALITY
dc.subject
EQUIPMENT
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATES
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORT GROWTH
dc.subject
EXPORTERS
dc.subject
EXPORTS
dc.subject
EXTERNAL BORROWING
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL DEFICIT
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL MARKETS
dc.subject
FISCAL DISCIPLINE
dc.subject
FISCAL POLICIES
dc.subject
FISCAL POLICY
dc.subject
FLEXIBLE INTEREST RATES
dc.subject
FLOATING EXCHANGE RATE
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN DEBT
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN INVESTORS
dc.subject
FRAUD
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL MARKET
dc.subject
GNP
dc.subject
GOVERNMENT SECURITIES
dc.subject
GOVERNMENT SUPPORT
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROSS NATIONAL PRODUCT
dc.subject
GROWTH RATE
dc.subject
HIGH UNEMPLOYMENT
dc.subject
HOLDINGS
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN RESOURCE
dc.subject
HUMAN RESOURCES
dc.subject
IMMUNITY
dc.subject
IMPORTS
dc.subject
INCOME
dc.subject
INCOME LEVELS
dc.subject
INFLATION
dc.subject
INFLATIONARY EXPECTATIONS
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE RISK
dc.subject
INTEREST RATES
dc.subject
INTERMEDIATE GOODS
dc.subject
INTERNATIONAL INVESTMENT
dc.subject
INTERNATIONAL MARKETS
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT PATTERN
dc.subject
INVESTMENT PORTFOLIOS
dc.subject
INVESTMENT RATE
dc.subject
INVESTMENT RATES
dc.subject
INVESTOR INTEREST
dc.subject
JUDICIAL INDEPENDENCE
dc.subject
JUDICIAL PERFORMANCE
dc.subject
JUDICIAL REFORM
dc.subject
JUDICIAL REFORMS
dc.subject
JUDICIAL SYSTEM
dc.subject
LABOR COSTS
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR MARKETS
dc.subject
LABOR PRODUCTIVITY
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL IMPEDIMENTS
dc.subject
LEGAL REFORM
dc.subject
LEGISLATION
dc.subject
LEVEL PLAYING FIELD
dc.subject
LIVING STANDARDS
dc.subject
LOAN
dc.subject
LOAN PORTFOLIO
dc.subject
LOAN QUALITY
dc.subject
LOCAL CURRENCY
dc.subject
LONG-TERM LOANS
dc.subject
MACROECONOMIC MANAGEMENT
dc.subject
MACROECONOMIC RISKS
dc.subject
MACROECONOMIC STABILITY
dc.subject
MACROECONOMICS
dc.subject
MARKET COMPETITION
dc.subject
MARKET ECONOMIES
dc.subject
MARKET LIQUIDITY
dc.subject
MARKET REFORM
dc.subject
MARKET REFORMS
dc.subject
MARKET STRUCTURES
dc.subject
MATURITY
dc.subject
MATURITY MISMATCH
dc.subject
MATURITY MISMATCHES
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICIES
dc.subject
MONETARY POLICY
dc.subject
MONEY SUPPLY
dc.subject
MOVABLE ASSETS
dc.subject
MOVABLE COLLATERAL
dc.subject
NATIONAL SAVING
dc.subject
NATIONAL SAVINGS
dc.subject
OIL
dc.subject
OIL PRICE
dc.subject
OIL PRICES
dc.subject
PAYROLL TAXES
dc.subject
PER CAPITA INCOME
dc.subject
POLLUTION
dc.subject
POLLUTION CONTROL
dc.subject
POPULATION GROWTH
dc.subject
PORTFOLIO
dc.subject
POST-CRISIS PERIOD
dc.subject
POTENTIAL INVESTMENT
dc.subject
PRICE ELASTICITY
dc.subject
PRICE STABILITY
dc.subject
PRIVATE INVESTORS
dc.subject
PRODUCERS
dc.subject
PRODUCTION TECHNOLOGY
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC EXPENDITURES
dc.subject
PUBLIC INVESTMENT
dc.subject
QUALITY STANDARDS
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL WAGES
dc.subject
RESERVES
dc.subject
RESOURCES MANAGEMENT
dc.subject
RISK MANAGEMENT
dc.subject
SAVINGS
dc.subject
SAVINGS RATE
dc.subject
SAVINGS RATES
dc.subject
SECURITIES
dc.subject
SHORT-TERM DEPOSITS
dc.subject
STRATEGIC INVESTOR
dc.subject
SUSTAINABLE GROWTH
dc.subject
TAX
dc.subject
TAX POLICIES
dc.subject
TAX REFORMS
dc.subject
TAX REVENUES
dc.subject
TELECOMMUNICATIONS
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TRADE COMPETITIVENESS
dc.subject
TRADE REGIME
dc.subject
TRANSPARENCY
dc.subject
UNEMPLOYMENT RATE
dc.subject
UNEMPLOYMENT RATES
dc.subject
USE OF COLLATERAL
dc.subject
VALUATION
dc.subject
WAGES
dc.subject
WASTE MANAGEMENT
dc.subject
WELFARE GAINS
dc.title
Turkey - Country Economic Memorandum : Sustaining High Growth, Selected Issues, Volume 1. Main Report
en
okr.doctype
Economic & Sector Work :: Country Economic Memorandum
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2008/04/9423787/turkey-country-economic-memorandum-sustaining-high-growth-selected-issues-vol-1-2-main-report
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000334955_20080508052331
okr.identifier.internaldocumentum
9423787
okr.identifier.report
39194
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/05/08/000334955_20080508052331/Rendered/PDF/391941TR0vol1010Box327369B01public1.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Turkey
okr.sector
Health
okr.sector
General industry and trade sector
okr.sector
General finance sector
okr.sector
General education sector
okr.sector
General public administration sector
okr.theme
Tax policy and administration
okr.theme
Macroeconomic management
okr.theme
Export development and competitiveness
okr.theme
Debt management and fiscal sustainability
okr.theme
Analysis of economic growth
okr.topic
Economic Theory and Research
okr.topic
Banks and Banking Reform
okr.topic
Environmental Economics and Policies
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Environment
okr.topic
Macroeconomics and Economic Growth
okr.unit
Poverty Reduction/Econ Mngmt (ECSPE)
okr.volume
1 of 2

Show simple item record



This item appears in the following Collection(s)