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Author: Murat Birdal
Publisher: Bloomsbury Publishing
ISBN: 0857718150
Category : Political Science
Languages : en
Pages : 250
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Book Description
In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors. In this book, Murat Birdal sheds light on the handling of the external debt crisis, one of the most controversial periods of Ottoman economic history. Based on extensive archival research foreign archives, he explores the pivotal role of the Ottoman Public Debt Administration (OPDA) in the peripheralization of the Ottoman economy. This book will be invaluable to scholars of Ottoman, Middle East and economic history.
Author: Murat Birdal
Publisher: Bloomsbury Publishing
ISBN: 0857718150
Category : Political Science
Languages : en
Pages : 250
Get Book Here
Book Description
In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors. In this book, Murat Birdal sheds light on the handling of the external debt crisis, one of the most controversial periods of Ottoman economic history. Based on extensive archival research foreign archives, he explores the pivotal role of the Ottoman Public Debt Administration (OPDA) in the peripheralization of the Ottoman economy. This book will be invaluable to scholars of Ottoman, Middle East and economic history.
Author: Jerome E. Roos
Publisher: Princeton University Press
ISBN: 0691184933
Category : Business & Economics
Languages : en
Pages : 413
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Book Description
How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.
Author: Nicolas Barreyre
Publisher: Springer Nature
ISBN: 3030487946
Category : Business & Economics
Languages : en
Pages : 593
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Book Description
This book analyzes public debt from a political, historical, and global perspective. It demonstrates that public debt has been a defining feature in the construction of modern states, a main driver in the history of capitalism, and a potent geopolitical force. From revolutionary crisis to empire and the rise and fall of a post-war world order, the problem of debt has never been the sole purview of closed economic circles. This book offers a key to understanding the centrality of public debt today by revealing that political problems of public debt have and will continue to need a political response. Today’s tendency to consider public debt as a source of fragility or economic inefficiency misses the fact that, since the eighteenth century, public debts and capital markets have on many occasions been used by states to enforce their sovereignty and build their institutions, especially in times of war. It is nonetheless striking to observe that certain solutions that were used in the past to smooth out public debt crises (inflation, default, cancellation, or capital controls) were left out of the political framing of the recent crisis, therefore revealing how the balance of power between bondholders, taxpayers, pensioners, and wage-earners has evolved over the past 40 years. Today, as the Covid-19 pandemic opens up a dramatic new crisis, reconnecting the history of capitalism and that of democracy seems one of the most urgent intellectual and political tasks of our time. This global political history of public debt is a contribution to this debate and will be of interest to financial, economic, and political historians and researchers. Chapters 13 and 19 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Author: Omer Tekdemir
Publisher: Routledge
ISBN: 1000378284
Category : Political Science
Languages : en
Pages : 217
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Book Description
This book examines the development of Kurdish political economy and the emergence of collective Kurdish identity within a historical context through three main periods: the late-Ottoman Empire, the initial Republican Turkey era, and then the post-1990s period. It relates historical developments to the dynamics of Kurdish society, including the anthropological realities of the nineteenth century through the moral economy frame, the evolving nature of nationalism in the early twentieth century and the more recent construction of a modern political Kurdishness by means of radical democracy, and an agonistic pluralism shaped by left-wing populism.
Author: Jerzy Łazor
Publisher: Taylor & Francis
ISBN: 1040028063
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
France was interwar Poland’s main ally, and the biggest source of the country’s foreign investment. The two roles were closely connected: Paris used its position in Warsaw to win preferential treatment for its firms, while Polish authorities depended on France to finance their modernization policies and military spending. The relationship’s asymmetric character bred conflict, and in the 1930s dissenting voices compared French actions in Poland to imperialism and colonial expansion. This book untangles the complex mix of economics, policy, and politics in Franco-Polish relations. Based on government and company-level sources, it evaluates the part played by French capital in Poland and discovers the mechanisms ruling French FDI and public loans. Exploring case studies of specific sectors and themes, it asks questions about the modernizing potential of FDI, interwar economic imperialism, the workings of asymmetric investment, and the interactions between investments and politics. Understanding the unequal footing of Warsaw and Paris, it goes beyond imperialistic interpretations, and examines the leeway available to the weaker partner of the relationship. The book contributes to economic history of Central and Eastern Europe, and, more generally, to our understanding of the position of peripheral countries in the interwar global system.
Author: Jesse Dillon Savage
Publisher: Cambridge University Press
ISBN: 1108786677
Category : Political Science
Languages : en
Pages : 289
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Book Description
Why do political actors willingly give up sovereignty to another state, or choose to resist, sometimes to the point of violence? Jesse Dillon Savage demonstrates the role that domestic politics plays in the formation of international hierarchies, and shows that when there are high levels of rent-seeking and political competition within the subordinate state, elites within this state become more prepared to accept hierarchy. In such an environment, members of society at large are also more likely to support the surrender of sovereignty. Empirically rich, the book adopts a comparative historical approach with an emphasis on Russian attempts to establish hierarchy in post-Soviet space, particularly in Georgia and Ukraine. This emphasis on post-Soviet hierarchy is complemented by a cross-national statistical study of hierarchy in the post WWII era, and three historical case studies examining European informal empire in the nineteenth and early twentieth centuries.
Author: Veli Yadirgi
Publisher: Cambridge University Press
ISBN: 1316857794
Category : History
Languages : en
Pages : 337
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Book Description
In recent years, the persecution of the Kurds in the Middle East under ISIS in Iraq and Syria has drawn increasing attention from the international media. In this book, Veli Yadirgi analyses the socioeconomic and political structures and transformations of the Kurdish people from the Ottoman era through to the modern Turkish Republic, arguing that there is a symbiotic relationship between the Kurdish question and the de-development of the predominantly Kurdish domains, making an ideal read for historians of the region and those studying the socio-political and economic evolution of the Kurds. First outlining theoretical perspectives on Kurdish identity, socioeconomic development and the Kurdish question, Yadirgi then explores the social, economic and political origins of Ottoman Kurdistan following its annexation by the Ottomans in 1514. Finally, he deals with the collapse of the Ottoman Empire, and the subsequent foundation and evolution of the Kurdish question in the new Turkish Republic.
Author: Kris Manjapra
Publisher: Cambridge University Press
ISBN: 1108425267
Category : History
Languages : en
Pages : 291
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Book Description
A provocative, breath-taking, and concise relational history of colonialism over the past 500 years, from the dawn of the New World to the twenty-first century.
Author: Ivano Cardinale
Publisher: Cambridge University Press
ISBN: 1108178839
Category : Business & Economics
Languages : en
Pages : 589
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Book Description
The Eurozone is not a mere currency area. It is also a unique polity whose actors span multiple levels (supranational, national, regional, sectoral) and pursue overlapping economic and political objectives. Current thinking on the Eurozone relies on received categories that struggle to capture these constitutive features. This book addresses this analytical deficit by proposing a new approach to the political economy of the Eurozone, which captures economic and political interdependencies across different levels of decision making and sheds light on largely unexplored problems. The book explores the opportunities afforded by the structure of the Eurozone, and lays the foundations of a political economy that poses new questions and requires new answers. It provides categories that are firmly grounded in the existing configuration of the Eurozone, but are a precondition for overcoming the status quo in analysis and policy.
Author: Jens Hanssen
Publisher:
ISBN: 0199672539
Category : History
Languages : en
Pages : 756
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Book Description
Features a mix of junior and senior scholars based in the Middle East, South-East Asia, Australia, North America, and Europe, Develops multidisciplinary approaches to history, including environmental studies, social anthropology, law, gender, political science, sociology, religious studies, and media studies Book jacket.
