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  1. OECD Economic Surveys: Turkey
  2. Volume 2002
  3. Issue 001
  4. OECD Economic Surveys: Turkey 2002
  5. Chapters
  6. Structural Reforms for a New Role of the Public Sector in the Market Economy
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Volume 2014
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Volume 2002
Issue 001
OECD Economic Surveys: Turkey 2002
Chapters
Assessment and Recommendations
Macroeconomic Developments. From Crisis to Recovery.
Macroeconomic Policies. From Financial Stabilisation to Growth.
Banking System Restructuring in the Context of Macroeconomic Stabilisation
Structural Reforms for a New Role of the Public Sector in the Market Economy
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Structural Reforms for a New Role of the Public Sector in the Market Economy

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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