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2021, vol. 10, iss. 19, pp. 24-33
The similarity of economic development of Turkey and Yugoslavia in the interwar period: Comparative analysis of macroeconomic indicators
Institute of European Studies, Belgrade, Serbia,
Keywords: economic development; the inter-war period; Yugoslavia; Turkey; industry; structure
In the interwar period, Turkey and Yugoslavia, despite many differences, have approximately similar economic performance, especially during the 1930s when the average GDP per capita at purchasing power parity for the two countries was almost the same, implicitly indicating a similar living standard. Both Turkey and Yugoslavia remained predominantly agrarian economies in the observed period, both in terms of the share of employees by sectors or the GDP structure. The two countries pursued a protectionist policy during the 1930s, which, in addition to imports substitution, also meant intensifying industrialization. However, the industrial growth of the 1930s, especially strong in Turkey, did not result in significant structural changes in the two economies, which remained at the European bottom in terms of development.
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article language: Serbian
document type: Original Scientific Paper
DOI: 10.5937/EkoIzazov2119024N
received: 18/02/2021
accepted: 07/07/2021
published in SCIndeks: 15/10/2021
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