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The Most Applicable Sample Of Protectionism: Export-Oriented Industrialization

Author

Listed:
  • Pinar ERYIGIT

    (Celal Bayar University, Kula V.H.S., Turkey)

  • Serkan CURA

    (Celal Bayar University,Economy Faculty. Turkey)

  • Öznur MERT

    (Celal Bayar University, Instiute of Social Science, Turkey)

Abstract

A developing country may have two different paths aimed at industrialization policies according to it’s foreign trade perspective. The first one is import substitution industrialization based on protectionism and the second one is the policy of export-oriented industrialization aimed at integration in the international economy. Export-oriented industrialization is a strategy related to the world for connecting local economy to global economy. At the same time, countries that have to shape their allocation of resources according to foreign demand are compulsory to be open for international trade. The reason is that this strategy reaches to success if developed countries open their markets to developing or less developed countries. Whereas, it’s clearly known that developed countries open their market to other develop countries. But in Turkey, when the import substitution industrialization policies that has been applied since 1963 started to be inadequate, export-oriented industrialization policy was adopted with the decision taken within the framework of the Stabilization Program on January 24th 1980 and while the significant increases were performed in Turkey’s export volume as a result of positive developments created by these policies, the composition of export products has changed. The best evidence of this change is incredible progress that is seen in export item of manufacturing industry which is one of the most important industrial sectors in the economic structure.

Suggested Citation

  • Pinar ERYIGIT & Serkan CURA & Öznur MERT, 2014. "The Most Applicable Sample Of Protectionism: Export-Oriented Industrialization," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 10-17.
    • Handle: RePEc:ddj:fserec:y:2014:p:10-17
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