Trading Places: How Turkey Can Join the Rich, Using Trade Policy

Abstract

The aim of Turkey’s 2023 Vision Project, which coincides with the hundredth anniversary of the founding of the Republic of Turkey, is to bring the Turkish economy into the ranks of high-income countries. To reach this goal, strategies have been drawn up with a focus on the mid- and long-term future of the economy. However, the current state of affairs indicates that the Turkish economy has fallen into the middle income trap, and the key to breaking free of that is reconfiguring a model of growth that focuses on production. In light of that situation, the aim of the study is to provide a discussion of the trade policies and strategies that could be used to realize an effective model of economic growth.