Industrial Policy in Turkey

Mina Toksoz is an International Economist having worked at the Economist Intelligence Unit variously as Editorial Director of the Middle East, Europe, and the Country Risk Service. She was Senior Equity Strategist EMEA at AbnAmro, Head of Country Risk at Standard Bank, and Senior Manager of Sovereign risk at Lloyds’ Bank. Other associations included Associate Fellow at Chatham House and is currently an Honorary Lecturer at the University of Manchester Business School; and council member of British Association for Turkish Area Studies. She has written widely on Turkey, Middle East, Emerging Markets, and her latest book The Economist Guide to Country Risk was published by Profile Books in 2014. Mustafa Kutlay is a senior lecturer in the Department of International Politics at City, University of London. His current research focuses on developing countries (with particular reference to the political economy of Turkey and Turkish foreign policy), comparative political economy of institutions and development in the global South, and political risk analysis. His articles appeared in International Affairs, Journal of Democracy, Globalizations, Government & Opposition, Third World Quarterly and The British Journal of Politics and International Relations, among others. William Hale is an Emeritus Professor in the Department of Political and International Studies at the School of Oriental and African Studies, London University, and a former Professor with special reference to the politics of Turkey in the Department. He is the author of numerous book, including Turkish Foreign Policy 1774-2000 (2000, Frank Cass), Turkey, the United States and Iraq (2006, London Middle East Institute) and Islamism, Democracy and Liberalism, The Case of the AKP (co-authored with Ergun Özbudun, 2011, Routledge) besides many articles on Turkey’s politics and foreign relations.

• List of IllustrationsAcknowledgementsIntroduction: The Road (Not) Taken1 The Political Economy of Industrial Policy2 Turkey’s Industrialisation: The Historical Experience, 1923–803 Industrial Policy Demoted, 1980–2000 4 Industrial Policy in Retreat, 2001–95 Return of Industrial Policy after the Global Financial CrisisConclusion: Rethinking Industrial PolicyBibliographyIndex

This is a timely book that makes an important contribution to the current debate on industrial policy. Through the empirical case of Turkey, the authors persuasively argue that industrial policy is critical to modernise national economies and upgrade their production structure from low-value-added sectors towards high-value-added ones.