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Subject
The Eleventh Development Plan for 2019-23.
Significance
A key aim of the next development plan will be to reduce import dependency. The government has been paying more attention to industrial policy as a way of reducing the wide structural current account deficit and related financial and economic risks.
Impacts
Incentives aimed at cutting imports will create both opportunities for foreign investors and risks for those exporting goods to Turkey.
In some branches of industry, policy may become nationalistic, and companies with strong links to the government could benefit most.
For growth and foreign balances, stimulating domestic production may be less important than encouraging innovation and technology.
Keywords:
Turkey,
ME/NAF,
International,
EU,
economy,
industry,
politics,
balance of payments,
foreign trade,
government,
manufacturing,
policy,
agriculture,
arms,
automobile,
capital flows,
coal,
consumer,
corporate,
energy,
exchange rate,
finance,
fiscal,
growth,
investment,
oil,
prices,
renewable energy,
technology
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2018
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