THE THEORETICAL FRAMEWORK OF THE ECONOMIC FLUCTUATION IN TURKEY
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Authors:
• İbrahim ARSLAN, email: unknown, Afiliation: Gaziantep Üniversitesi, Turey
• Vedat BAL, email: unknown, Afiliation: Gaziantep Üniversitesi, Turey -
Keywords: Econmic fluctuations, Economic Policies, Turkey Economy
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Abstract:
It is observed that the economic fluctuations have been shaped according to the variations of economic activities through the historical development of global economy. In the middle of the 18th century, with the invention of steam engine in England and with the invention of casting iron by smelting coke, there were important developments in industrial field. In 19th century in which the capital experienced its golden age, industrial capitalism rapidly increased firstly in England and then in USA, Germany and other European countries. In the light of these developments, in this study it is aimed to have a broader look to the conjuncture and also to state all the fluctuations in local, national and international levels that the economy faced in short and long run. Since the conjuncture is specific to industry and trade, the features of agriculture sector is different. However, economic fluctuations are usually witnessed in industrialized countries. Each of the economic fluctuation has the peculiarities specific to the economic conditions they are in.
When the issue is assessed from the point of view of Turkey, the main reasons of the instability in Turkish economy is foreign dependency and inflation. The policies aiming to struggle against inflation have established the basis of the prepared stability programmes. However depending on the quality of the prepared programmes, the issue of ensuring price stability has become an important problem. In this study, the processes of formation of the economic fluctuations and the measures to be taken for these have been inquired.