Developments in the Turkish Economy Between 2010-2020 in Light of Monetary Policy in the 2000s

In the Turkish Economy,there were radical changes in the structure of the economy with the policies of opening up to the outside world and transition to a free market economy in the 1980s,and the last step of this opening up and liberalization process was realized with the decision number 32 in 1989.We can say that with the liberalization of capital movements in the 1990s,economic growth and development were tried to be achieved through hot money inflows rather than direct foreign investments.This trend made the economy more open to crises,and for the first time,a crisis occurred in the form of the 1994 economic crisis,which was understood to be caused by hot money.The same economic structure experienced a financial and economic crisis caused by hot money again in November 2000 and February 2001.While the crisis was overcome with the stand-by agreement made with the IMF(International Monetary Fund)and the announced Transition to a Strong Economy program,the economy started to grow rapidly with the ease of using foreign resources,and political stability seems to have enabled this economic growth process to continue uninterruptedly except 2009.There was also a decrease in inflation rates.The same economic structure continued in the period between 2010 and 2020,and the financing need of economic growth was met by outsourcing.However,this process was different from the previous decade and there was no economic and financial crisis other than the sudden increase in exchange rates in 2018.We can say that the sudden exchange rate increase in 2018 was perceived as a harbinger of possible exchange rate shocks in the following years.

The Turkish Economy in the Period between 1990 and 2000 in the Light of the Open Economy Policies of the 1980s Developments

The structure of the economy seems to have been reshaped for the post-1980 period with the decisions of January 24,1980 and the structural changes that followed.In the 1980s,which can be called the transition process to a Free-Market Economy and an open economy,on the one hand,the privatization of state institutions and the determination of the prices of goods and services in free market conditions were tried to be ensured in order to withdraw the state from economic life,on the other hand,it was tried to grant freedom to foreign trade and capital movements.While these two main issues were being realized,the import substitution industrialization strategy was abandoned and the export-led growth model was started to be implemented.The last step of this process of opening up and liberalization was realized with the decision numbered 32 in 1989.While the change in the economic structure was achieved through domestic borrowing in the 1980s,with the liberalization of capital movements in the 1990s,it was seen that economic growth and development were tried to be achieved with hot money inflows rather than foreign direct investments.This orientation made the economy more open to crises,and for the first time there was a crisis in the form of the 1994 economic crisis,which was understood to be caused by hot money.The 1994 economic crisis could only be overcome by giving government guarantees to bank deposits and issuing high-interest Treasury Bills.Even the new banking regulations could not prevent the emergence of similar new economic crises in the following years.Because,we can say that the economic crisis experienced in the 2000s brought about a political transformation along with creating great economic problems.

Can whole steps of grain production be outsourced? Empirical analysis based on the three provinces of Jiangsu,Jilin,and Sichuan in China

Certain outsourcing services for agricultural management in China,such as pest control in grain production,have experienced prolonged sluggishness,contrasting with the relatively high level of outsourcing services observed in harvesting,land preparation,and sowing.This study examines the feasibility of implementing whole-step outsourcing in grain production by conducting a case study of rice and maize production in Jiangsu,Jilin,and Sichuan provinces in China.The provision of outsourcing services hinges on two essential conditions:technological advancements fostering specialized production and economies of scale,coupled with a market size sufficient to realize the aforementioned potential economies of scale.The results showed that outsourcing pest control or harvesting services had varying economies of scale.The outsourcing services in pest control were less common than in harvesting services,and their marginal growth space of the economies of scale with technological change was also smaller.Determined by the operational characteristics of pest control itself,the market scale of its professional services is small.Therefore,achieving the whole-step outsourcing of grain production necessitates not only technological innovation but also effective policy interventions to overcome the constraints of market scale.Such interventions include(1)optimizing crop layouts between planning regions and reducing land fragmentation and(2)supplying timely and effective inter-regional agricultural information for service providers aided by information technology.

An Overview of Government-Market Relationships:Evolving Perceptions,Role of the Market,and Government Functions

Building a high-level socialist market economy is conducive to giving full play to the market’s decisive role in resource allocations and bringing the government into better play.Correctly handling the market and the government relationships has been a central issue in China’s economic structural reform.Giving a comprehensive review and summary of the research findings achieved by the theoretical and academic circles in China,we generalize the evolution and working mechanisms of China’s socialist market economy system,following the developing trajectory and logic of relevant literature,focusing on the three aspects of evolving perceptions,the role of the market,and the functions of the government.Based on our literature overview,we also induced and extracted the basic conclusions and evolutionary features of relevant research and made suggestions for the future direction of theoretical research regarding China’s socialist market economy.

On the Pain Points and Governance of the Constructionof the Socialist Market Economy in Contemporary China

经过3 0 多年的改革开放,中国的社会主义市场经济建设取得了丰硕成果,成为了中国特色社会主义制度的重要支柱,奠定了建设全面小康社会的坚实基础.但是,随着我国经济步入深化发展与转型调整阶段,市场的优化配置功能在社会管理、公共产品供应等民生问题上出现了越位、缺位等异化现象,引发了官民对立、干群关系紧张、贫富两极分化、社会保障缺失等不和谐问题,严重掣肘了中国社会主义市场经济的健康与持续发展D 为治理上述痛点,论文提出了党要坚持执政为民的治国理念、完善社会考评制度、合理分配社会财富、健全社会保障体系等治理上的一些简单思路,以起抛砖引玉之效.

Thoughts on Living Difficulties of Farmers and Marketing Economy in the Risk Society

The paper combs the problems about living difficulties of farmers and marketing economy in the risk society and puts forward another point of view that with the theory of risk society,reconsider the dilemma of living choices of farmers under the background of marketing economy.On the basis of the statistics,the paper discloses the trend of larger and larger disparities of incomes between urban and rural areas;the paper explains the risks and uncertainties of life choices with the background of deepening marketing economy.In order to understand the life dilemma of farmers and marketing economy in the risk society,the paper makes an analysis from perspectives of the relationships between risk society and markets,the risks of farmers' living choices.The results show that in the risk society,because of the division space from time,the personal farmers are devoid of the safe environment.Then the situation deepens to worse.In addition to the organization which is not in charge results in a situation that the personal farmers would take all risks by themselves.

The Relationship between Civil&Commercial Law and Economic Law in the Context of the Market Economy

Both civil&commercial law and economic law are the main legal basis for supervising market behavior and regulating market order.They are indispensable laws in the national economic development and construction.By analyzing the relationship between civil&commercial law and economic law in the context of market economy,this article explores the similarities and differences between,and through the perfection and application of the two,China’s social and economic stability and a lasting progress can be better realized under the mechanism of market economy.

The China＇s Mode Reform Process of Market Economy System and the Level of Marketization

During the new epoch of reform, the discussion and practice launched by the government and the Communist Party of China （CPC） has experienced 4 stages. Since 1992, China has entrenched formally establishing the Socialist Market Economy System, which is a so-called China＇s Mode development way led by the Deng Xiaoping＇s theory. This paper tries to set up an index system to evaluate the development level of China＇s market economy from 1992 to 2001.

The Increasing Market of Sleep Economy

Recently,iiMedia Research issued a report titled 2021 Research Report on China’s Sleep Economy Industry,focusing on the bright future of the sleep economy in China,which has a market size exceeding RMB 400 billion in 2021.Nowadays,due to various factors such as pressure from life and work,overuse of cell phones and excessive information interference,more and more young people are suffering f rom insomnia.This situation was exacerbated in the first half of 2021 as a result of COVID-19,with people staying indoors for longer than usual.As a survey indicated,though many people have more time asleep,the time they went to bed was delayed by 2 to 3 hours,and the search volume for sleep problems increased by 43%.Data from the Chinese Sleep Research Society showed that more than 300 million people had sleep disorders in 2021,and as high as 38.2%of adults have or had sleep difficulties at some point in time.

Reflections on the Microeconomic Basis for Soft Budget Constraint in the Market Economy

Historical analysis of the market economy indicates that soft budget constraint is becoming increasingly pervasive and broad-rooted. Using an analysis of micro-level entities in the market economy, this paper describes how soft constraint derives from interdependence among corporations, banks, and the government. Soft constraint is explained in relation to changes in concentrated shareholding ownership, the increasing dominance of the financial sector, and financial insurance. We conclude： 1） concentrated shareholding ownership and institutionalized soft budget constraint create sub-optimal allocation of resources in the market economy; 2） neoclassical microeconomic principles cannot explain the economic actions of organizations in the market economy and should be revised; 3） externalities associated with soft budget constraint have spread across the globe to become both the cause and primary effect of cyclic global financial and economic crises. Hence, the government, banks, and the corporate sector must work together to overhaul supervisory mechanisms. On a global level, governments must collaborate to build a new international economic order. Correcting imbalances in international reserve currencies and fortifying administration of cross-national economic organizations will mitigate the effects of soft budget constraint.

Accelerating the Buildup of Socialist Market Economy

Building up a socialist market economy in China is an important part of Deng Xiaoping’s theoretical treasury of building socialism with Chinese characteristics. It is also an objective demand for furthering reform and expanding the opening up of China. The "Decision On Some Issues Concerning the Establishment of a Socialsit Market Economic Structure"

The Normative Connotation and Legal Guarantee of Market Economy in China’s Constitution

At this stage,the market economy has become an important force to promote China’s economic development.Consolidating the core of market economic development,namely,economic equality and economic freedom,is an inevitable requirement for upholding and improving China’s basic economic system,and it is also an important aspect of the country’s strong guarantee for market economic development.Therefore,it is necessary to research the meaning of the market economy in the constitution,and at the same time clarify the constitutional norms’obligation to guarantee the implementation of state agencies to provide adequate constitutional guarantees for the development of the market economy.

The study of relationship between textile and garment market,industry cluster and regional economy development

China＇s textile and garment markets grown up with the development of reform and opening-up, they＇re well adapted to the national policy and economic environment in each period, and formed a large-scale development, played a positive role in promoting China＇s economy development. This paper has a research on the textile and garment market, industry cluster and regional economy, recognize textile professional market and regional economy as the main research object, industrial cluster as the intermediary variable. Establish textile and garment market, industrial cluster, regional economy as the main trunk of structural equation model and carry on the empirical analysis. From the empirical analysis, this paper find that the coefficient of textile and garment market effecting on industrial cluster is 0.91, and industrial cluster on regional economy is 0.93, that means results verify hypothesis relationships between the three of them Finally, according to each path coefficients, providing relevant suggestions for the Shanghai area development of textile and garment market, related industries cluster and regional economy development.

Discussion on Cultivating the Idea of the Western Rural Market Economy

Along with the deepening of the economic system reform, the quickening of our country＇s steps joining WTO, and the enlarging of the discrepancies among different regions, how to promptly change the sense of the western rural areas to resolve the ＂the three problems connected with agriculture, peasants, and countryside＂ and utilize the market economy regulation and taking market as the direction has become the initial problem of the economic development in western countryside in order to push the smooth implement of the western development. This thesis starts with the essence, function, and other influential factors of this idea, systematically elaborates the current idea characteristics of each stratum in western countryside, discovers the reason that the sense of western rural areas falls behind the times, and definitely puts forward with new idea characteristics which is suitable for the economic development of the western rural areas, and also offer some policy suggestions on how to realize this change of the sense in western rural areas.

TRANSFORM THE MECHANISM OF RENMINBI’S EXCHANGE RATE SYSTEM IN CONFORMITY WITH THE DEMAND OF MARKET ECONOMY——The academic report delivered at the Annual Meeting of NNCIFS on October 1993

Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system inChina, the exchange rate mechanism of Renminbi must bethoroughly transformed. To accomplish this goal, I believethere are three problems that must be solved: first,

The Formation and Major Breakthroughs of the Theory of Socialist Market Economy

① Without a correct reform theory, there can be no successful reform practice. Since the Communist Party of China (CPC) convened the Third Plenary Session of the 11 th Central Committee (December, 1978), a fundamental reason for the tremendous achievements China has scored is that it has had the guidance of Deng Xiaoping Theory. Broad and pro-

A Study on Inflation Theories and Turkey’s Inflation Problem

In the Turkish Economy,with the policies of opening up to the outside world and transition to a free market economy in the 1980s,there have been radical changes in the structure of the economy and the prices of all goods and services have begun to be determined by the market under market conditions.In the 1980s,which can be called the transition process to a free market economy and open economy,on the one hand,efforts were made to privatize state institutions in order to withdraw the state from economic life and to ensure that the prices of goods and services were determined under free market conditions,while on the other hand,efforts were made to grant freedom to foreign trade.While these two main issues were being realized,the import substitution industrialization strategy was abandoned and an export-based growth model was started to be implemented.The last step of this opening up and liberalization process was realized with the decision numbered 32 in 1989.With the liberalization of capital movements in the 1990s,we can say that economic growth and development was attempted to be achieved through hot money inflows rather than direct foreign investments.This orientation made the economy more vulnerable to crises,and for the first time,a crisis occurred in the form of the 1994 economic crisis,which was understood to be caused by hot money.The 1994 economic crisis was attempted to be overcome by providing state guarantees for bank deposits and applying high interest rates.Thus,it is noteworthy that high inflation was experienced in the period leading up to the 2001 economic crisis.Indeed,while the increase in the wholesale price index rarely remained below 30%on an annual basis between 1980 and 1990,increases of 50%and 60%began to be seen.However,the period between 1990 and 2000 was a period in which higher inflation rates were encountered.As a result of the environment created in the 1990s,we can say that the financial crisis experienced in 2001 deepened into an economic crisis and that this crisis had economic and political effects.Although there have been many economic crises in the history of the Republic,this crisis is considered to be the most deeply effective.While the crisis was overcome with the stand-by agreement made by the IMF and the announced Transition to a Strong Economy program,the economy began to grow rapidly with the ease of use of foreign resources,and the existence of political stability seems to have ensured that this economic growth process continued uninterruptedly except for 2009.A decrease was also experienced in inflation rates.After 2015,inflation rates began to rise again,and although negative economic growth rates were experienced between the 3rd quarter of 2018 and the 3rd quarter of 2019 during the exchange rate shock period in 2018,we can say that this was not effective enough to turn annual average growth rates into negatives.The exchange rate shock experienced in November 2021 both caused changes in economic policies and the adoption of new policies,and seems to have led to an economic crisis wave caused by the large increase in inflation rates.Within this framework,a post-Keynesian policy of combating inflation has been implemented,and with the new economic policies announced in June 2023,the Central Bank has gradually increased policy interest rates and started to implement tight monetary policy in cooperation with the Ministry of Treasury and Finance,and we can say that a new phase has been entered in the post-Keynesian policy of combating inflation.However,in our opinion,it is necessary to determine well where inflation originates from and what ensures its continuation.In this context,Turkey’s inflation problem will be analyzed by utilizing the views of post-Keynesians on inflation and the profit-push inflation approach.

Forecast of natural gas supply and demand in China under the background of “Dual Carbon Targets”

As a kind of clean energy which creates little carbon dioxide, natural gas will play a key role in the process of achieving “Peak Carbon Dioxide Emission” and “Carbon Neutrality”. The Long-range Energy Alternatives Planning System(LEAP) model was improved by using new parameters including comprehensive energy efficiency and terminal effective energy consumption. The Back Propagation(BP) Neural Network–LEAP model was proposed to predict key data such as total primary energy consumption, energy mix, carbon emissions from energy consumption, and natural gas consumption in China. Moreover, natural gas production in China was forecasted by the production composition method. Finally, based on the forecast results of natural gas supply and demand, suggestions were put forward on the development of China’s natural gas industry under the background of “Dual Carbon Targets”. The research results indicate that under the background of carbon peak and carbon neutrality, China’s primary energy consumption will peak(59.4×10^(8)tce) around 2035, carbon emissions from energy consumption will peak(103.4×10^(8)t) by 2025, and natural gas consumption will peak(6100×10^(8)m^(3)) around 2040, of which the largest increase will be contributed by the power sector and industrial sector. China’s peak natural gas production is about(2800–3400)×10^(8)m^(3), including(2100–2300)×10^(8)m^(3)conventional gas(including tight gas),(600–1050)×10^(8)m^(3)shale gas, and(150–220)×10^(8)m^(3)coalbed methane. Under the background of carbon peak and carbon neutrality, the natural gas consumption and production of China will further increase, showing a great potential of the natural gas industry.