Abstract:

Liberalization aims abolition of controls on political and administrative mechanisms, trade markets and the financial markets and these markets to become international. Functioning of liberalization implemented with trade liberalization, financial liberalization and political and administrative liberalization policies so as to follow each other. This flow interconnected goods and financial markets of many countries with the significant support of emerging technologies. The liberalization process in Turkey began with Decisions of January 24, 1980 and Turkish foreign trade gained upward trend with the effect of export-led growth strategy.In this study, the impacts originated by the change aiming export-oriented growth rather than import-substituting industrialization with the beginning of liberalization process in Turkey in and after 1980 has been discussed. The impacts of these changes occurring in the process of liberalization on import and export rates of Turkey and how this impact affected current account deficit of Turkey has been evaluated in terms of foreign trade. The results of study are important since they reveal what affect the deficits in foreign trade balance of Turkey and shed light on measures to be taken for the future

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