ERC WORKING PAPERS
Abstract: Ikinci Dünya Savasini izleyen günlerde sosyalist ülkelerle
birlikte gelismekte olan ülkelerin en temel toplumsal amaçlarindan biri olarak ortaya
çikan sanayilesmenin özellikle son yirmi yilda çok büyük ölçüde gündemden
The Story of a Stabilization Effort: Turkey
The purpose of the paper
is to give an overview of the Turkish economy before and during the implementation of two
different stabilization programs over the 2000-2002 period. Reforms undertaken and things
that need to be done in both general terms and in the monetary and fiscal area are listed.
The targets of the program are compared with the realizations. Success of the program is
discussed in reference to developments in the main economic indicators. The most
significant issue remaining concerns debt sustainability. Hence this topic is given
special attention against the background of debt stock composition.
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