PUBLIC ENTERPRISES IN TURKEY*

In: Annals of public and cooperative economics, Volume 67, Issue 1, p. 117-130

Abstract

ABSTRACT: Public enterprises have played a distinct role in promoting economic development and have been instrumental in initiating the industrialization of Turkey, and in facilitating its balanced regional development, especially during the early stages of its economic development. However, since the late 1960s, public enterprises have been a drag on the economic performance of the country because of the economic problems they have caused. In response to the problems associated with public enterprises, privatization entered the political arena in the early 1980s. The Turkish government has now adopted a timetable to privatize the public enterprises. In this paper, an attempt is made to investigate the place and the weight of the public enterprises and their problems in the Turkish economy.