Abstract

NATO's Shaky Bastion. Which Way Turkey?
Lewis, Geoffrey | January 28, 1956 issue

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The article discusses financial and political problems of Turkey. The crop failure of 1954 is one of the main reasons for Turkey's trouble. Other reasons are over-importing of western luxuries resulting in shortage of foreign currency, over-spending on industrialization and negligence of agriculture. The reason behind the political crisis was not the serious economic condition but the government's insistence that the high cost of living was a sign of prosperity. Turkey has also suffered due to its loyalty to the West, it has lost the respect of many of its Arab neighbors.

See Also:

ECONOMIC history; TURKEY -- Economic conditions; TURKEY -- Politics & government; CROP losses; COST & standard of living; INDUSTRIALIZATION; TURKEY
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