State, society, and privatization in Turkey, 1979-1990
Author(s)
Bibliographic Information
State, society, and privatization in Turkey, 1979-1990
（Woodrow Wilson Center special studies）
Woodrow Wilson Center Press , Distributed by Johns Hopkins University Press, c1995
- : pbk., alk. paper
Available at / 6 libraries
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: pbk., alk. paperII Ne 7||075||Sh05205122,
": pbk., alk. paper"||||||C961080224 -
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pbk., alk. paper||658.1||S1002:11345691
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Note
Bibliography: p. 85-93
Includes index
Description and Table of Contents
Description
This work analyzes the Turkish effort at privatization from 1979 to 1990, shedding light on the obstacles that arose in a country with a 50-year tradition of economic paternalism. From the creation of Turkey after World War I, state control, complete with state-owned firms and government financial institutions, was integral to the state and enshrined as a principle in the 1937 constitution. But with the oil shocks of the 1970s, major adjustments became necessary, and by 1979 a programme of privatization was begun. The book's chief focus in examining the restructuring of Turkey's economy is on rent-seeking behaviour. Rent, in the economist's sense, is the gap between what an owner is paid for a commodity and what would be paid for it in the next best alternative. The classic and pervasive case of rent is selling under government license a good whose import quantity is strictly controlled, creating scarcity and making for a high price. Rent-seeking is what people do to win or keep that license. Privatization in Turkey confronted widespread rent-seeking.
This book argues that the success of such an economic policy requires key actors to build powerful coalitions of public support, including politicians, bureaucrats and special-interest groups, while containing rent-seeking to enhance development and eliminate social and economic waste.
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