TURKEY
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Teo-Greece
Turkey
Presidential Republic
At the time of the collapse of the Ottoman Empire, during World
War I and the subsequent birth of the Republic, the Turkish economy
was underdeveloped: agriculture depended on outmoded techniques
and poor-quality livestock, and Turkey's industrial base was
weak; the few factories producing basic products such as sugar and
flour were under foreign control as a result of the capitulations.
Turkey's economy recovered remarkably once hostilities ceased.
From 1923 to 1926, agricultural output rose by eighty-seven percent,
as agricultural production returned to pre-war levels. Industry
and services grew at more than nine percent per year from 1923 to
1929; however, their share of the economy remained quite low at
the end of the decade. The government stepped in during the early
1930s to promote economic recovery, following a doctrine known
as statism. Growth slowed during the worst years of the depression,
except between 1935 and 1939 when it reached six percent per
year. During the 1940s, the economy stagnated, in large part because
maintaining armed neutrality during World War II increased
the country's military expenditures while almost entirely curtailing
foreign trade. Unfortunately I did not manage to find more information
considering statistics.