Protectionism-Oriented Growth

A developing country may have two different paths aimed at industrialization policies according to its foreign trade perspective. The first one is import substitution industrialization and the second one is export-oriented industrialization. At the same time countries that have to shape their allocation of resources according to foreign demand are compulsory to be open for international trade. The reason is that the strategy reaches to success if developed countries open their markets to developing or less developed countries. Whereas, it's clearly known that developed countries open their market to other developed countries. In Turkey, when the import substitution industrialization policies that has been applied since 1963 started to be inadequate export-oriented industrialization policy was adopted with the framework of the Stabilization Program on January 24th 1980 and while the significant increases were performed in Turkey's export volume as a result of positive developments created by these policies. The best evidence of this change is incredible progress in export item of manufacturing industry which is one of the most important industrial sectors in the economic structure.