01656cas a2200241 a 4500 AALejournalIMF007537 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451838008 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Turkey : Recent Economic Developments and Selected Issues. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (206 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews economic developments in Turkey during 1994-97. Real wages increased rapidly during 1989-93, dropped sharply in 1994-95, and have since recovered modestly. Real wage flexibility stems in part from the absence of widespread wage indexation, despite chronic high inflation. Rapid gross national product (GNP) growth, averaging 7.7 percent a year during 1995-97, raised GNP per capita to above USD 3,000 in 1997. Most of this dynamism originated from the industrial and trade sectors. Industry grew by 10.4 percent in 1997, led by a strong performance of private manufacturing (14.2 percent). Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/104 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/104/002.1998.issue-104-en.xml IMF e-Library