The Turkish Political Economy After the 2000-2001 Financial Crises PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Turkish Political Economy After the 2000-2001 Financial Crises PDF full book. Access full book title The Turkish Political Economy After the 2000-2001 Financial Crises by Af Ar Emre. Download full books in PDF and EPUB format.
Author: Af Ar Emre
Publisher: LAP Lambert Academic Publishing
ISBN: 9783846553022
Category :
Languages : en
Pages : 108
Get Book Here
Book Description
Following the most severe financial crises since WW2, the Turkish economy demonstrated a stellar growth performance after 2001. The strong commitment to the fiscal discipline and to the powerful external anchors such as the IMF and EU were key to this success. The central question is what motivated the JDP government to show this long-lasting commitment to the fiscal discipline and the external anchors particularly to the IMF-induced economic programs. Growing ties with the global economy, the new institutional framework, the new balance of power within the networks shaping the Turkish political economy and the successful implementation of the JDP's prudent political economy agenda are the four plausible explanations for the central question. Each of these explanations is elaborated in a separate chapter and the growing ties with the global economy prevail as the most competent explanation since it directly contributes to the emerging of the other three explanations.
Author: Af Ar Emre
Publisher: LAP Lambert Academic Publishing
ISBN: 9783846553022
Category :
Languages : en
Pages : 108
Get Book Here
Book Description
Following the most severe financial crises since WW2, the Turkish economy demonstrated a stellar growth performance after 2001. The strong commitment to the fiscal discipline and to the powerful external anchors such as the IMF and EU were key to this success. The central question is what motivated the JDP government to show this long-lasting commitment to the fiscal discipline and the external anchors particularly to the IMF-induced economic programs. Growing ties with the global economy, the new institutional framework, the new balance of power within the networks shaping the Turkish political economy and the successful implementation of the JDP's prudent political economy agenda are the four plausible explanations for the central question. Each of these explanations is elaborated in a separate chapter and the growing ties with the global economy prevail as the most competent explanation since it directly contributes to the emerging of the other three explanations.
Author: Galip Yalman
Publisher: Routledge
ISBN: 1317364694
Category : Business & Economics
Languages : en
Pages : 371
Get Book Here
Book Description
This volume provides a comprehensive study of Turkey’s financial transformation into one of the most dynamic, if not trouble-free, emerging capitalisms. While this financial evolution has underwritten Turkey’s dramatic economic growth, it has done so without ameliorating the persistently exploitative and unequal social structures that characterize neoliberalism today. This edited volume, written by an interdisciplinary range of political economists, critically examines Turkey’s financial transformation, contributing to debates on the nature of peripheral financialization. Eschewing economistic interpretations, The Political Economy of Financial Transformation in Turkey underscores both the quantitative significance of exponential growth in financial flows and investments, and the qualitative importance of the state’s institutional restructuring around financial imperatives. The book presents today’s reality as historically rooted. By understanding the choices made under the new Republic (from 1923 onwards), one can better locate the changes launched as a newly liberalizing society (since 1980). Likewise, the decisions made in response to Turkey’s 2001 financial crisis spurred a tectonic break in state–market–society financial relations. The waves of change have reached far and wide: from corporate strategies of accumulation and growth to small- and medium-sized enterprises’ strategies of financial survival; from how finance has penetrated the provisioning of housing to how households have become financialized. Put together, one grasps the complexity and historicity of the power of contemporary finance. One also sees that the changes made have not been class-neutral, but have entailed elevating the interests of major capital groups, particularly financial capital, above the interests of the poor and workers in Turkey. Nor are these changes constrained to its national borders, as what transpires domestically contributes to the making of a financialized world market. Through this ‘Made in Turkey’ approach the contributions in this volume thus challenge dominant understandings of financialization, which are derived from the advanced capitalisms, by sharing the specificity of emerging capitalisms such as Turkey.
Author: Ziya Onis
Publisher: Routledge
ISBN: 1135758689
Category : Political Science
Languages : en
Pages : 210
Get Book Here
Book Description
This book provides a set of critical perspectives on the economic crises of 2000 and 2001 focusing on both the origins and consequences of the crises. Attention is drawn to the role of domestic actors as well as key external actors such as the International Monetary Fund in precipitating the twin crises.
Author: Ziya Onis
Publisher: Routledge
ISBN: 1135268045
Category : Business & Economics
Languages : en
Pages : 503
Get Book Here
Book Description
Since the financial crisis of 2000 and 2001 the Turkish economy has undergone considerable change and some improvement. This book gives a detailed examination of the neo-liberal restructuring that has taken place and the challenges the economy still faces, providing a comparative perspective on recent reforms and the position of Turkey in the global economy. This book examines all major aspects of the post-crisis economic performance of the Turkish economy. Major sectors of the economy such as agriculture and manufacturing along with key issues such as privatization, export growth, developments in the labour market, poverty and social exclusion are analysed in detail. The authors consider Turkish performance from a comparative perspective, drawing attention to its similarities with the experience of other emerging markets. Providing an insight into the major difficulties of post-crisis adjustment, sustainability of the gains achieved so far and the challenges that lie ahead, this book will be of interest to academics and scholars in the fields of International Political Economy and Globalization Studies, Middle East Studies and Development Studies, as well as having significance for practitioners in emerging markets.
Author: Ziya Öniş
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Turkey has experienced consecutive financial cises in November 2000 and February 2001. The crisis of 2001 was particularly far-reaching in terms of its impact resulting in a major collapse of output and employment. It was also quite distinct in terms of its income distributional consequences from the previous economic crises that Turkey has experienced in the sense that not only the wage earners, but all sections of society at varying degrees encountered the negative consequences of the crisis. What is also striking is that the crisis provided an avenue for a new wave of neo-liberal restructuring with a major emphasis on regulatory reforms, particularly in the realm of the banking and the financial sector. The objective of the paper is to examine the transformation of Turkey's political economy in the post-2001 era focusing on four key inter-related elements: the impact of the World Bank and the IMF; the restructuring of the state's relationship with the domestic financial sector especially through regulatory reforms; the opening up of Turkey to foreign direct investment; and the adoption of a wide range of reforms modelled on the European Union, in line with the goal of entry into the EU. Indeed, the regional context involving the conditionality associated with the eventual membership of the EU has provided the political focus of the process as a whole. A central question to be addressed involves the extent to which the Turkish economy has become immune to possible financial crises in the future in the light of the kinds of transformation experienced during the central era. A key hypothesis in this context is that Turkey continues to be vulnerable in spite of the fact that the banking sector is much more tightly regulated in line with the international norms during the post-crisis era.
Author: Emel Parlar Dal
Publisher: Springer Nature
ISBN: 3030276325
Category : Political Science
Languages : en
Pages : 319
Get Book Here
Book Description
This book shows the remarkable diversification in Turkey’s international political economy landscape in the 2000s: its domestic political-economy framework, instrumental alternatives and geographic outreach. It assesses both how an emerging economy like Turkey copes with domestic and external challenges and the question of how substantial Turkey’s recent rise in global politics really is. The volume also explains Turkey’s economic growth and political transformation in line with the changes occurring in world economics, from the Washington Consensus era to the current “mix” or “hybrid” era encompassing both the characteristics of the Post-Washington and Beijing Consensus eras. The contributors portray the complexity of Turkish politics and its fragilities at the political economy level.
Author: Zulkuf Aydin
Publisher: Pluto Press (UK)
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
Get Book Here
Book Description
Leading writer Boris Kagarlitsky offers an ambitious account of 1000 years of Russian history.
Author: Mustafa Kutlay
Publisher: Springer
ISBN: 3319927892
Category : Political Science
Languages : en
Pages : 235
Get Book Here
Book Description
The economic policies of reactive states such as Turkey and Greece, both of which have shown limited ability to implement institutional reforms in recent years, have paved the way for deep crises. The crises are devastating for both societies’ social fabric, but they also open up the opportunity to introduce new economic regimes. They do, however, not always invite changes in dominant paradigms. Despite weak state capacity and deep economic crisis in both cases, substantial reforms were initiated in Turkey whilst an opposite trend prevailed in Greece. Drawing on field research, this book develops a political economy framework that explains reform cycles and post-crisis outcomes in reactive states.
Author: Emre Özçelik
Publisher: Springer Nature
ISBN: 9811673187
Category : Political Science
Languages : en
Pages : 365
Get Book Here
Book Description
Adopting a political-economy perspective, this book is an original collection of research chapters that focus on Turkey’s economic-development experience from the nineteenth century to the present. It provides a systematic and chronological examination of Turkey’s major historical dynamics in the economic and socio-political spheres. The chapters are organized according to the consecutive phases of Turkey’s political-economic development. Each chapter not only reflects on the country-specific aspects of those development phases, but also clarifies the dependence of domestic-policy orientations on the dynamics of the world economy. As such, the book provides a historically-conscious, political-economic account of Turkey’s dependent-development experience. The book serves as a quality reference on the political economy of modern Turkey, bringing together fourteen prominent experts as contributing authors who have devoted their intellectual lives to the understanding and explanation of political-economic dynamics in both Turkey and the world. All contributors write on a historical period of the Turkish economy in which they are most specialized. This aspect of the book is a momentous advantage in the field of Turkey's political economy, enabling the highest degree of academic expertise to concentrate in each chapter.
Author: Caroline van Rijckeghem
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 196
Get Book Here
Book Description
