Krueger, Anne O. <br/><br/>
The Importance of Economic Policy in Development:  Contrasts Between Korea and Turkey / 
Anne O. Krueger. 
 - Cambridge, Mass.  National Bureau of Economic Research  1987. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w2195 .
 - Working Paper Series (National Bureau of Economic Research)  no. w2195. .
<br/><br/> March 1987. 
<br/><br/> In the mid-1950's, Turkey was a much richer country than Korea. With about the same population, Turkish GNP was about three times that of Korea, Turkish exports were fifteen times those of Korea, and the Turkish savings rate was much higher than Korean. By 1980, the situation was dramatically reversed, as Turkish income was 40 percent below Korea's, Turkish exports were less than one-fourth those of Korea and the Turkish savings rate was about two-thirds of Korea' s. This paper examines the variables that affected economic growth and shows the critical importance of the different policy choices in the two countries. 
<br/><br/>
<br/><br/><br/>System requirements: Adobe [Acrobat] Reader required for PDF files. <br/>Mode of access: World Wide Web.