The anatomy of de-industrialisation: The rent-seeking economy has held back industry

The country’s economy is losing its productive capacity before it has even completed its industrialisation. According to economists, this is due to a rent-seeking accumulation model based on construction and finance that has been pursued for years. It is the workers who are paying the heaviest price for this premature deindustrialisation. Prof. Dr Ebru Voyvoda notes that Turkey has been a ‘prematurely deindustrialised’ country since the early 2000s, whilst Prof. Dr Özgür Orhangazi stated, ‘Industrial policy must also be approached as a redistribution policy.’