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Turkey is a close and valued ally of the United States.
From the establishment of the Republic until 1980, Turkey was an insulated, state-directed economy. In 1980, however, the country embarked on a new course. Increased reliance on market forces, decentralization, export-led development, lower taxes, foreign investment, and privatization became the basis for the new economic philosophy. The Development Challenge. The country achieved an advanced standing in the developing world at that time and has continued to modernize.