Abstract
Abstract
In February, 1980, only weeks after the opening of the 24th
January package of economic measures, Mr. Özal (then Undersecretary to State Planning Organization (SPO) of Turkey)
was confirming to Mr. McNamara (then President of the World
Bank) that a new approach to economic problems was enunciated as a matter of policy. He emphasized that "the... control
of inflation is more important in present than the attainment
of a higher growth" and "a majör reorientation away from the
state sector" was among the policy choices. "In recognition of
this," he wrote, "we intend... (to rigorously tailor) the level
of annual investment" to the resource availabilities and these
intentions were "related to the size and the quality of investment programs." He also reiterated that resources will be directed to priority areas in consultation with the World Bank
and demanded, in addition to a program loan to support the
January 24th package, "other program assistance as appropriate."1
Keywords
Details
| Primary Language | Turkish |
|---|---|
| Subjects | Political Science |
| Journal Section | Research Article |
| Authors | |
| Publication Date | May 1, 1979 |
| Published in Issue | Year 1979 |