Developing Countries’ Deadlock: What Does the Thirlwall's Law Offer Us?

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Sosyoekonomi
Volume:32 Issue:61
Developing Countries’ Deadlock: What Does the Thirlwall's Law Offer Us?

Developing Countries’ Deadlock: What Does the Thirlwall's Law Offer Us?

Authors : Ziya Can

Pages : 71-95

Doi:10.17233/sosyoekonomi.2024.03.05

View : 67 | Download : 46

Publication Date : 2024-07-30

Article Type : Research Paper

Abstract :This study aims to discuss potential alternatives for economic development in developing countries, with contributions from the theoretical background of Thirlwall\'s law. Developing countries\' foreign trade constraints will be highlighted, followed by a comparison of Türkiye\'s past growth performance with results obtained from Thirlwall’s Law equations using balance of payments data. Türkiye\'s actual growth rates closely resemble the growth forecast of Thirlwall’s model, which indicates that post-Keynesian approaches are worth considering to alter the current situation. While providing a perfect solution that could reverse everything for developing countries may be a distant goal, this study aspires to foster a mindset capable of changing the course of events.
Keywords : Post Keynesyen İktisat, Thirlwall Yasası, Gelişmekte Olan Ülkeler

ORIGINAL ARTICLE URL

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.