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ECONOMY
INDUSTRY
Starting from 1963, the basic aims of the five year planned periods
were determined as " high growth rates" and " structural alterations
in the aspects of industrialization"
The adopted industrialization strategies and the applied financial
policies display major alterations in the periods before and after
1980. The applied policies during and after 24 January 1980 Economic
Stability Program had variations when compared to the preceding
stability programs executed in every 8 - 10 years and this program
reflects more fundamental alterations in the economic and
industrialization policies. Therefore, radical variations were
applied to the cash, finance, foreign trade and exchange rate
policies and instead of " import installation oriented - devoted to
local market" industrialization, a transformation in the direction
of " based on export - devoted to foreign markets" industrialization
had been initiated and executed.
After the period following 1980, the support of the industrial
sector had been concentrated in the level of production and the
foreign capital incitements were increased. This structural
alteration in the industry sector had been tried to be applied by
increasing the intermediate and investment production at the
production industry. Highway vehicles, non - electronic machinery
and metal property production are among the first lines of
investment properties and in the production of intermediate
products, the major share was taken by petroleum and iron - steel
products. And in addition, the importation of the intermediate and
investment products were greatly facilitated. Therefore, the usage
of new technologies and modern marketing methods required by the
industry spread inside the country.
Especially after the second half of the 1980s, the governments had
planned and executed the "construct - manage - transfer" model, in
order to accelerate the infrastructure investments at industry
sector and to cover the resource requirements in more convenient
conditions. When capital market is taken into account, the necessary
pre - conditions to divert small possessions to industry were
arranged precedencely and the Capital Marketing Committee was
founded by a law issued in 1981. Parallel to these precautions, the
banking services were modernized and in order to accelerate the
international operations necessary legal arrangements were realized.
Great importance was paid to improve transportation and
communication services which are counted as prerequisites of
industrialization policy.
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