Reform and Chang In Turkey:An Economic View

Abstract

Turkey economy has witnessed since the establishment of theRepublic in 1923, So many economic crises and they were aboutthirteen crises till now. Turkey followed many reforms withindifferent economic policies by the nature of the economic problem,its kind and power.The study says that Turkey was able to adapt its economy within economic reforms made through past year to reach a developingstate in spite of its limited resources.Through the study, it is clear that Turkey is a developing statefollows the system of free market and affected by internal andinternational crises. The crisis of 2001was the strongest in themodern history of Turkey and it had a great impact upon Turkisheconomy. Turkish economy was able to heal itself after two yearsand achieve a growth in GDP and reforming the general budget andreducing rates of unemployment and inflation, raising the share ofper capita and increasing foreign investments and this cannot beachieved without a suitable economic environment.