Trade and Development. Realigning the Textile Industry in Turkey

Focusing on the impact of WTO liberalization on Turkey's textiles industry, this essay explores the challenges faced by the market and proposes critical trade instruments for its realignment. It evaluates potential measures such as currency devaluation, subsidies with increased money supply, tax reductions on textile employment, and the establishment of new trade agreements. Additionally, it emphasizes the importance of shifting towards higher value-added production to enhance the sector's competitiveness in the global market.