Monday, January 28, 2008

Market led economy

This is why the crisis over the presidential election was actually a crisis of the constitutional order that was installed by the military when it ruled from 1980-1983. That constitution – unlike Ataturk’s – was written by and for the military on the assumption that the Cold War would never ever end, and that the President would always have to be either a military person or someone very close to the military of Turkey. But the Cold War is long over, and a lot has since changed in Turkey. An IMF supported program in 2001 unleashed rapid economic growth, based on Turkey’s gradual but definitive transformation into a market led economy.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative