[PDF] The Political Economy Of Financial Transformation In Turkey eBook

Author : Galip Yalman
Publisher : Routledge
Page : 371 pages
File Size : 21,56 MB
Release : 2018-10-03
Category : Business & Economics
ISBN : 1317364694

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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 : Zulkuf Aydin
Publisher : Pluto Press (UK)
Page : 328 pages
File Size : 10,28 MB
Release : 2005-02-03
Category : Business & Economics
ISBN :

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Leading writer Boris Kagarlitsky offers an ambitious account of 1000 years of Russian history.

Author : Emel Parlar Dal
Publisher : Springer Nature
Page : 319 pages
File Size : 15,1 MB
Release : 2019-12-07
Category : Political Science
ISBN : 3030276325

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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 : Emre Özçelik
Publisher : Springer Nature
Page : 365 pages
File Size : 48,17 MB
Release : 2022-03-10
Category : Political Science
ISBN : 9811673187

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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 : Harvard University, Cambridge, MA, USA John F. Kennedy School of Government
Publisher : Springer
Page : 289 pages
File Size : 12,43 MB
Release : 1990-06-18
Category : Political Science
ISBN : 1349112747

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Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.

Author : Bülent Gökay
Publisher : McGill-Queen's Press - MQUP
Page : 197 pages
File Size : 17,26 MB
Release : 2021-02-04
Category : Political Science
ISBN : 0228004586

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Since the late 1990s Turkey has emerged as a significant economic power. Never colonized and straddling the continents of Europe and Asia, it plays a strategically important role in an increasingly unstable region. Bülent Gökay examines Turkey's remarkable political and economic transformation within the context of broader regional and global changes. By situating the story of Turkey's economic growth within an analysis of the structural changes and shifts in the world economy since the end of the Cold War, the book provides new insights into the functioning of Turkey's political economy and the successes and failures of its ruling party's economic management.

Author : Ezgi B. Ünsal
Publisher : BRILL
Page : 293 pages
File Size : 35,64 MB
Release : 2021-07-05
Category : Social Science
ISBN : 9004462112

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In Constructing Change, Ezgi B. Unsal explores the commodification of social provision as a defining feature of modern world economy, by using the case studies of electricity and housing provision in Turkey.

Author : Tamer Çetin
Publisher : Springer Science & Business Media
Page : 251 pages
File Size : 44,36 MB
Release : 2011-01-12
Category : Political Science
ISBN : 1441977503

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The Political Economy of Regulation in Turkey brings together leading international scholars and experts on Turkey and regulatory reform to provide essential information on the recent Turkish experience and its relation to competition policy. After the 1980 liberalization reform, Turkey tried to introduce competition in many industries, but network industries have remained as monopolies. At the end of the 1990s, regulatory reform was initiated and independent regulatory agencies have been established by the government. Comprehensive discussions of these network industries, in particular airlines, electricity, natural gas, telecommunications and environment regulations, are offered. The contributors inquire how economic theory and historical analyses can enlighten the character of market processes and the role for government action in these industries, and the contributions shed light on the very recent changes in the regulatory structure and important legal cases that shape the future of regulated industries. This book discusses these issues in an international perspective and relates the Turkish experience to other similar countries, such as in Eastern Europe and Central America. This book serves as a useful guide to those who want to understand major changes in Turkey and regulatory reforms in other emerging markets, making it of interest to researchers and PhD students concerned with regulatory economics, the Turkish economy, and economic policy in emerging markets.

Author : Nilgün Önder
Publisher : Bloomsbury Publishing
Page : 498 pages
File Size : 41,72 MB
Release : 2016-10-27
Category : Technology & Engineering
ISBN : 0857739476

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The coup d'état which took place in Turkey on 12 September 1980 was the third in the history of the Republic, and ushered in a three-year period of military rule. Nilgün Önder investigates the economic transformation of Turkey after this coup, examining both the policies enacted under the military regime and those during the subsequent period of civilian government. Önder argues the key aspect of economic policy was that of neoliberal restructuring, and integral to this was the exclusion of organised labour from the political process. In doing so, she highlights the irony of the era: that at an official level, there was an emphasis upon neoliberal economic values, such as limited state involvement. And yet at the same time, policies were enacted which were aimed at a more interventionist position when it came to industrial relations. It was through new legislation and bureaucratisation of the industrial relations system that the state transformed the Turkish economy, attempting to open it up to foreign investment and trade: in effect creating the foundations of Turkey's current economic success. The Economic Transformation of Turkey examines the relations between state and labour during this period by concentrating on the form of state and political regime. As a result, Onder highlights the continuation of neoliberal restructuring and the accompanying anti-labour policy in Turkey throughout the 1980s and 1990s, despite the transition to democratic rule. Shaped by the theory that the form of rule and the actions of organized interests in a particular society are conditioned by the constraints of the world political-economic order, this book explores the networks of interactions between global capital and international institutions, on the one hand, and the state and domestic social forces in Turkey on the other.

Author : Fikret Adaman
Publisher : Bloomsbury Publishing
Page : 307 pages
File Size : 38,23 MB
Release : 2017-05-30
Category : Business & Economics
ISBN : 1786722097

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The 'neoliberal' economic policy of President Recep Tayyip Erdogan's AKP Party, which has delivered extraordinary growth in Turkish GDP over the last decade, has been one of the foundations of the party's popular appeal. Here, a group of experts on Turkish political economy show how these policies have also had a detrimental impact on the environment, sustainability and the long-term health of the Turkish economy. Taking the two main sectors of growth during the past decade-energy and construction-as its primary focus, the book engages broadly with the political economy of inequality and sustainability in contemporary Turkey. Ultimately, the authors argue that 'environmental conflicts' in Turkey are not merely about the environment but intersect with contemporary politics of religion, ethnicity, gender, and class within the context of top-down, modernising economic development. Neoliberal Turkey and its Discontents marks an important contribution to debates around the economic growth of Turkey and the future of the AKP's long-term economic plan.