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What is Economic Étatism

Chapter 23
Handbook of Research on Managerial Thinking in Global Business Economics
Economic étatism is a kind of economy policy in which the state gives direction to the economy, and significantly determines supply and demand decisions in the economy.
Published in Chapter:
Three Economic Depressions of the Turkish Economy: A Structural Perspective for Development Strategy
Cengizhan Yıldırım (Bolu Abant İzzet Baysal University, Turkey)
Copyright: © 2019 |Pages: 19
DOI: 10.4018/978-1-5225-7180-3.ch023
Abstract
The aim of this chapter is to analyze the three depressions of Turkish economy, which are the period of Second World War, the second half of the 1970s, and between 1994 and 2001. In these depression periods, the supply-demand balance completely deteriorated, and the economy completely collapsed. The economic paradigm changed after each depression, but economic problems have never changed. As very different economical models, étatism, planning import substitution industrialization, neoliberal economy policies have been tested for Turkish economy, but none of them has been successful. The lack of knowledge of facts of economics is the main cause of depressions. For innovative strategy, the Turkish economy needs more free market and deregulation.
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