This book scrutinizes the last 15 years of exceptional growth in the Turkish economy and
presents a model for sustainable ongoing growth that has particular implications for other key
emerging economies. The growth of the Turkish economy in the 2000's was based on two integrated
fundamental factors: fixing deteriorating dynamics and implementing further reforms to
stimulate economic activity. This basic formula led to pleasing rates of economic growth
fuelled particularly by domestic private investments along with revived consumption and
exports. Driven by political stability established by single party governments in the post-2002
period an improved economic outlook helped Turkey enjoy record levels of foreign investment
adding momentum to its growth story. The Turkish experience in the post-crisis period implies
that in order to achieve a fast and - more importantly - sustainable onward growth the economy
needs a new generation of structural reforms that simultaneously heal fragility and vitalize
economic activity.The papers in this book offer professional assessments and assistance -
especially for policymakers and present a new direction upon which the Turkish economy - and
emerging markets - can progress successfully for a further 15 years.
