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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | During the past two decades, Turkey has worked hard to open its economy to international competition and to integrate its product and financial sectors in international markets. However, a similarly deep reform of its institutions has been missing. The public sector has continued to exert a direct and strong influence on the economy mainly through its control of State Economic Enterprises (SEEs) and State Banks. These institutions had been required to carry out redistributive activities mostly unfunded by the State budget, thereby endangering their competitiveness in increasingly open markets. At the same time, the State has kept using extra-budgetary funds, revolving funds and contingent liabilities leading to an unsustainable position for the public sector finances. Despite this intensive use of resources, public intervention has failed to achieve fundamental policy objectives like ensuring a wider participation in the labour market, achieving full employment and reinforcing social cohesion through a reduction in poverty and inequality... |
| Page Count | 127 |
| Starting Page | 113 |
| Ending Page | 150 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2002-10-24 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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