The author raises questions that are relevant to most developing countries. Turkey's emphasis in the past on capital-intensive import substitution in preference to light labor-intensive export industries had negative consequences for country's growth, balance of payments, and domestic employment. This emphasis, together with the way public enterprise was managed, also helped to promote an inefficient state sector and delayed the maturation of the...
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1980/01/01
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10115
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1
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2002/03/29
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Disclosed
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State manufacturing enterprise in a mixed economy : the Turkish case
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return on capital
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