Turkey’s Economic Development in the Last Decade, Policy Issues and the CHP Perspective, Summer 2012

During the last decade in which the AKP government has been in power, the Turkish economy’s average growth rate was relatively high but not above the long run historic level. A structurally high current account deficit, excessive reliance on one time revenues, fundamental weaknesses in the social and governance domains curtail Turkey’s development prospects. The CHP puts forward a potent sustainable alternative strategy based on a coherent set of employment and environment friendly, competitive, equitable and stable high growth policy instruments. It configures a responsible regulatory framework for a corresponding dynamic market mechanism. This strategy at the same time encompasses good governance, transformation to the knowledge economy and convergence to the EU.