TURKEY: Dams & Deficits

Turkey's Premier Adnan Menderes loves dams. He considers anybody who criticizes his dams an enemy and a saboteur.

Last year critics pointed out that Menderes had plunged so heavily on new dams, plus roads, harbors and factories, that Turkey had nothing left over to make the economy run. Prices soared, people went hungry, factories came to a standstill. But dams and beet-sugar factories planted in Turkey's hinterlands meant votes among the farmers, who make up 80% of the electorate, and Menderes hated to give them up. Instead, he hoped for more money—$300 million of it—from the U.S., but did...

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