The Industrialization of People’s Republic of China and Turkey Comparison

Abstract

China, after centuries of dynasties which was ruled by nationalists and socialists in the XX. century and on the one hand made peace agreements with Japan and on the other hand developed trade with the USA, started the industrial development by attracting especially the fixed foreign investments to the country after Mao. Standing generally at the forefront of production and science throughout human history, China laid the foundation of industrialization by directing the material resources of the country and the power of technology to important projects in the central planning period after its foundation in 1949. China, which was trying to begin advanced technology-based production in addition to the labor intensive manufacturing in the 1970s, transferring the allocation of agriculture resources to the private sector from the 1980s, directing its investments to the innovation-based high technology from the beginning of 2000s, is virtually the factory of the world today in the industrial production. In this study, a comparison between China and Turkey which started with private sector in 1923 and although it is not at a satisfactory level, has covered quite a distance with its public and mixed economic policy applications for almost a century, and their industrialization processes, similar and different aspects were emphasized.

 

Keywords: Innovation, Technology, Industrialisation, Economic Development, Employment.