THE 1929 WORLD ECONOMIC CRISIS AND TRANSITION
TO
ETATISM IN TURKEY
Assis. Prof. Dr. Mehmet BULUT
ABSTRACT
The principles of the economic policy which applied during
the early years of establishing process of the Republic of
Turkey were shaped in the first Economic Congress in Ýzmir
in 1923. This economic policy can be described as 'liberal'
and was followed until the beginning of the 1930's. A new
economic policy appeared in the new Republic during the 1930s.
The state began to play an important role in the economy by
following an 'etatist' economic policy. This article focuses
on the internal and external dynamics of carrying out the
etatist practices in Turkey during the period concerned. The
main reasons of the etatistic economic applications are discussed,
and the consequences are evaluated.
Key Words :
Etatism, economic crisis, economic policy, industrialization,
industrial plan