Turkey’s struggle to achieve high-income status through adaptation to the knowledge economy
CitationAslan, H. K. ve Aslan, M. (2018). Turkey’s struggle to achieve high-income status through adaptation to the knowledge economy. Turkish Economy: Between Middle Income Trap and High Income Status içinde (121-147. ss.). Springer. https://dx.doi.org/10.1007/978-3-319-70380-0_6
Mid-income countries must restructure their economies fundamentally to reach high-income levels. This restructuring process requires the most effective use of national resources, particularly higher education and national innovation institutions, among others. Only a handful of countries can achieve the requirements of economies of scale regarding the allocation of scarce funds to research and development (R&D) as is done by giant corporations, which channel billions of dollars to R&D; thus, within this competitive environment developing nations must concentrate on certain sectors. This study takes a political-economy approach to analyzing Turkey’s development policies with a special focus on its higher education institutions and national innovation system. Additionally, it aims to elaborate on its chances to escape the middle-income trap when making necessary reforms to reach higher rungs on the knowledge economy ladder.