The paper discusses the structural reforms that Turkey needs to introduce in order to attain an environment that will enhance the prospect for growth and improved living standards and simultaneously decrease the occurrence of economic crisis over time. After discussing governance and economic growth issues, the paper concentrates on how Turkey could establish a rule-based liberal market economy.

Sübidey Togan is Professor Emeritus at Bilkent University. His publications include Foreign Trade Regime and Trade Liberalization in Turkey during the 1980’s (Avebury 1994), The Economy of Turkey since Liberalization (Macmillan Press ltd, 1996, co-editor v. N. Balasubramanyam), Turkey and Central and Eastern European Countries in Transition: Towards Membership of the EU (Palgrave Macmillan ltd., 2001, co-editor v.N. Balasubramanyam), Turkey: Economic Reform & Accession to the European Union (world Bank and Centre for Economic Policy Research CEPR, 2005, co-editor B. Hoekman), Macroeconomic Policies for EU Accession (Edward Elgar Publishing, 2007, co-editors E. Başçı and J. von Hagen), Economic Liberalization and Turkey (Routledge, 2010) and The Liberalization of Transportation Services in the EU and Turkey (Oxford University Press, 2016). His area of interest is International Economics.