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Many developing countries have embarked on liberalisation programmes in recent years. One such programme which has attracted wide attention and posed a number of analytical issues is that undertaken by Turkey during the 1980s. The nine essays in this volume provide an analytical review of recent developments in relation to Turkey's economic transactions. The primary focus of most of the essays is on the impact of trade and investment liberalization policies of Turkey on Turkey's foreign trade and growth. A feature of the book is the in-depth empirical analysis of the issues grounded in recent trade and investment theories.