. Complete financial openness is not the best policy. A second lesson is that Turkey's prevailing growth strategy does not … resuscitate a model that fails to make adequate use of domestic resources. Most importantly, Turkey has to learn to live with …

In late 1979, Turkey stood in the throes of a foreign exchange crisis, with widespread shortages, negative growth, and … inflation into triple digits. A decade later, Turkey has a comfortable balance-of-payments situation, and sits atop considerable …

In late 1979, Turkey stood in the throes of a foreign exchange crisis, with widespread shortages, negative growth, and … inflation into triple digits. A decade later, Turkey has a comfortable balance-of-payments situation, and sits atop considerable …