Evaluation of stabilization programs implemented İn Turkey from the economic aspects

Every economy has basic macroeconomic objectives such as price stability, economic growth and development, full employment and ensuring balance of external payments. Countries experience some macroeconomic instability due to wrong economic policies, political instability and developments in the world economy. Turkey has also experienced some instability since the establishment of the republic and has implemented some stabilization programs in order to stabilize the economy. In this study, the stabilization programs of 4 August 1958, 10 August 1970, 24 January 1980 and 5 April 1994, implemented in Turkey between 1950 and 2000, were examined by comparative analysis method. While examining the stabilization programs implemented in Turkey, the economic situation before the decision was determined, and then the economic effects and consequences of the decisions taken in the stabilization programs were evaluated. The aim of the study is to examine the effects of implemented stabilization programs on the economy. The data used in the study were taken from the Turkish Statistical Institute (TUIK) database. As a result of the study, it was seen that the implemented stabilization programs were successful in increasing economic growth in the long term, but failed in preventing inflation. In addition, the devaluation decisions taken were insufficient to close the current account deficit.