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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: V. Necla Geyikdagi
Publisher: I.B. Tauris
ISBN: 9781848854611
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
As the borders of the Ottoman Empire crumbled throughout the latter half of the nineteenth century, unprecedented amounts of foreign capital poured in from investors who were eager to capitalize on the country's sparsely regulated industries. Economist Necla Geyikdagi sheds light on the motives, means and policies which shaped foreign direct investment (FDI) in the Ottoman Empire throughout the late-nineteenth century. The book weighs political motivation against economic incentive in examining the trade policies of the major capital exporting countries. Drawing from key speeches on foreign trade policy, personal journals and popular publications, Geyikdagi provides unique insight into the network of foreign investors and politicians that lay behind the channels of direct investment within the ailing Empire.
Author: Veli Yadirgi
Publisher: Cambridge University Press
ISBN: 1107181232
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
An examination of the link between the economic and political development of the Kurds in Turkey, and Turkey's Kurdish question.
Author: Andrew Monson
Publisher: Cambridge University Press
ISBN: 1316300153
Category : History
Languages : en
Pages : 603
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Book Description
Inspired by the new fiscal history, this book represents the first global survey of taxation in the premodern world. What emerges is a rich variety of institutions, including experiments with sophisticated instruments such as sovereign debt and fiduciary money, challenging the notion of a typical premodern stage of fiscal development. The studies also reveal patterns and correlations across widely dispersed societies that shed light on the basic factors driving the intensification, abatement, and innovation of fiscal regimes. Twenty scholars have contributed perspectives from a wide range of fields besides history, including anthropology, economics, political science and sociology. The volume's coverage extends beyond Europe, the Mediterranean, and the Near East to East Asia and the Americas, thereby transcending the Eurocentric approach of most scholarship on fiscal history.
Author: Isa Blumi
Publisher: A&C Black
ISBN: 1472515374
Category : History
Languages : en
Pages : 573
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Book Description
In the first half of the 20th century, throughout the Balkans and Middle East, a familiar story of destroyed communities forced to flee war or economic crisis unfolded. Often, these refugees of the Ottoman Empire - Christians, Muslims and Jews - found their way to new continents, forming an Ottoman diaspora that had a remarkable ability to reconstitute, and even expand, the ethnic, religious, and ideological diversity of their homelands. Ottoman Refugees, 1878-1939 offers a unique study of a transitional period in world history experienced through these refugees living in the Middle East, the Americas, South-East Asia, East Africa and Europe. Isa Blumi explores the tensions emerging between those trying to preserve a world almost entirely destroyed by both the nation-state and global capitalism and the agents of the so-called Modern era.
Author: Scott Reynolds Nelson
Publisher: Basic Books
ISBN: 1541646452
Category : History
Languages : en
Pages : 319
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Book Description
An "incredibly timely" global history journeys from the Ukrainian steppe to the American prairie to show how grain built and toppled the world's largest empires (Financial Times). To understand the rise and fall of empires, we must follow the paths traveled by grain—along rivers, between ports, and across seas. In Oceans of Grain, historian Scott Reynolds Nelson reveals how the struggle to dominate these routes transformed the balance of world power. Early in the nineteenth century, imperial Russia fed much of Europe through the booming port of Odessa, on the Black Sea in Ukraine. But following the US Civil War, tons of American wheat began to flood across the Atlantic, and food prices plummeted. This cheap foreign grain spurred the rise of Germany and Italy, the decline of the Habsburgs and the Ottomans, and the European scramble for empire. It was a crucial factor in the outbreak of the First World War and the Russian Revolution. A powerful new interpretation, Oceans of Grain shows that amid the great powers’ rivalries, there was no greater power than control of grain.
Author: Nazan Çiçek
Publisher: Bloomsbury Publishing
ISBN: 0857718789
Category : History
Languages : en
Pages : 320
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Book Description
The Eastern Question, as it was termed by the European Powers in the nineteenth century, was a debate primarily concerned with the issue of 'what to do with the Turk?'. The Ottoman Empire had become known as the 'sick man of Europe' following its gradual decline since the eighteenth century, and its demise would be highly problematic for the crowned heads of Europe. This unique book focuses on the intellectual and political dynamics of the first Ottoman political opposition in the modern sense, the so-called 'Young Ottomans'. In the process it narrates an alternative version of the Eastern Question as experienced and told by its Eastern observers and critics. Nazan A icek shows how an important section of the newly-rising semi-autonomous Ottoman Muslim Turkish intelligentsia in the second half of the nineteenth century, effectively answered the alternative question of 'what to do with the West?'.
Author: Simon Wendt
Publisher: Springer
ISBN: 1137536101
Category : Social Science
Languages : en
Pages : 282
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Book Description
Masculinities and the Nation in the Modern World sheds new light on the interrelationship between gender and the nation, focusing on the role of masculinities in various processes of nation-building in the modern world between 1800 and the 1960s.
