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Internal and External Constraints of Export Oriented Growth Strategy

Published online by Cambridge University Press:  21 July 2015

Gülten Kazgan
Gülten Kazgan*
Affiliation:
University of Istanbul, Department of Economics
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Extract

The rapid industrial growth accompanied by even more rapid export growth of such Far East economies as South Korea, Hong Kong, Singapore and Taiwan has drawn due attention from students of economic development. Economists with a Neo-classical ideological stance, favoring a perfectly free market economy, tend to attribute the industrial growth of these LDCs to the phenomenal increase in their exports. They argue that export expansion will be conducive to growth and the problems that might arise on the way will be taken care of by market forces. They identify the export sector of the economy as the “leading sector” and label the growth strategy patterned after this model as “export-oriented growth.” Over the last decade this growth strategy has been effectively “recommended” to a large number of LDCs facing debt servicing difficulties.

Type
Articles
Information
New Perspectives on Turkey , Volume 3 , fall 1989 , pp. 59 - 81
Copyright
Copyright © New Perspectives on Turkey 1989 

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Footnotes

*

Thanks are due to two anonymous referees whose suggestions helped improve the paper.

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