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In the interwar period, Turkey and Yugoslavia, despite all their differences, have approximately similar economic performance. Namely, during the 1930s, the two countries recorded very similar levels of the most important indicator of the state of an economy, which implicitly indicates the level of living standards, GDP per capita (at purchasing po...
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Context 1
... 1929, GDP PPP pc was 16% of the average one in the Western Europe together with the US (Pamuk 2018). If we look at the data from Table 2, we will see that Turkey is positioned somewhat worse than Yugoslavia, which was somewhere in the fifth of the average income pc of developed countries at that time. ...Context 2
... 1929, GDP PPP pc was 16% of the average one in the Western Europe together with the US (Pamuk 2018). If we look at the data from Table 2, we will see that Turkey is positioned somewhat worse than Yugoslavia, which was somewhere in the fifth of the average income pc of developed countries at that time. ...