Innovation Amidst Instability: Turkey’s Defense Industry, High Inflation, and the Challenge to Development Economics - A Literature Review
Journal: European Journal of Economics and Business Studies
Year: 2025

This study looks into how Turkey kept the growth of innovation and high-tech exports in the defense sector going even when the economy was unstable and inflation was high. The study by Hausmann and Rodrik (2003) in the field of development economics shows that emerging economies often have trouble keeping up with high-tech exports when their economies are in trouble. Industrial progress is often slowed by economic crises. Even though inflation went up from 20.3% to 44.4% from 2018 to 2024, Turke