| |
| |
wiiw Seminar Series
'Integration in a Wider Europe' |
|
 |
Andreas
Wörgötter, Head of Division V, Country Studies
Branch, Economics Department, Organisation for Economic Co-operation
and Development (OECD)
OECD Economic Assessment of Turkey 2008
29 September 2008, 4 p.m. |
| |
|
|
Far-reaching
institutional and structural reforms following the 2001 crisis
underpinned an unprecedented period of high growth in Turkey
until 2007. More recently, however, tensions have arisen and
growth has slowed down as a result of loss of competitiveness
in large areas of the economy, the deterioration of international
conditions, and a weakening of confidence domestically. New
government initiatives to strengthen the macroeconomic policy
framework, and upgrade the competitiveness of industry and its
capacity to create jobs, would help the economy resume a stronger
growth course. The main challenges in this respect are: preserving
the gains of fiscal consolidation and making fiscal policy more
compatible with higher growth; resuming disinflation and better
aligning structural policies as well as fiscal policy with the
inflation targeting framework and, finally, reducing barriers
to formal employment in order to mobilise the productivity potential
and improve the resilience of the Turkish economy.
Professor Wörgötter is Head of Division V of the Country Studies
Branch in the Economics Department of the OECD, responsible
for OECD Economic Surveys for Germany, Sweden, Denmark, the
Czech and Slovak Republics, Hungary and Russia. He joined the
OECD in 2000. His previous assignments included: Recurrent Visiting
Professor and Chairman at the Economics Department, Central
European University, Budapest, 1997-1999; Head of the Department
of Economics at the Institute for Advanced Studies, Vienna,
1986-1999; Visiting Assistant Professor at New York University,
Department of Economics, 1981-1982; Assistant Professor at the
Department of Economics and Economic Policy at the University
of Technology, Vienna, 1973-1986. |
| |
|
|
