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.
Table of Contents
1. The New Phase of Neoliberal Restructuring in Turkey, An Overview Ziya Önis and Fikret Senses 2. The Turkish Post-Crisis Development Experience: A Comparative Perspective Firat Demir 3. Turkey’s Post-Crisis Budgetary Performance Hasan Ersel 4. A Comparative Perspective on the Conduct of Monetary Policy in Turkey in the Pre- and Post-Crisis Periods Emre Alper and Ozan Hatipoglu 5. Transformation of Financial Markets in the Aftermath of Recent Crises in Turkey G. Gülsün Akin and Ahmet Faruk Aysan 6. Recent Privatization Experience of Turkey: A Reappraisal Izak Atiyas 7. Investment and Growth in Turkey Sumru Altug and Ünal Zenginobuz 8. Industrial Restructuring and Technology Policy in Turkey Erol Taymaz & Ebru Voyvoda 9. Foreign Trade, Foreign Investment and the European Union Kamil Yilmaz and Ümit Izmen 10. Can Small and Medium Enterprises Rescue the Periphery from Economic Decline? Semsa Ozar 11. Dilemmas of Restructuring in Turkish Agriculture Zulkuf Aydin 12. Labor Market Adjustment and Unemployment in the Post-Crisis Era Ozlem Onaran 13. Different Modes of Social Exclusion in Turkey Deniz Yukseker 14. Turkey’s Status in the World in Terms of Governance and Development Emre Ozcelik 15. Turkish Economy at a New Stage of Integration into the Global Economy: Towards a Synthesis and the Challenges Ahead Ziya Onis & Fikret Senses
Ziya Önis is Professor of International Political Economy and Director of the Graduate School of Social Sciences and Humanities at Koç University in Istanbul, Turkey. He has been a Visiting Fulbright Fellow at Princeton University and has participated in World Bank and OECD Development Center projects, as well as being the Associate Editor of the Journal of International Trade and Diplomacy.
Fikret Senses is Professor of Economics in the Department of Economics at the Middle East Technical University, Ankara, Turkey. He was a visiting scholar at Harvard University, Visiting Fulbright Scholar at Columbia University, and editor of METU Studies in Development. His main research interests are trade and industrialization, labour markets, poverty, and development issues with special reference to the Turkish economy.
"The chapters taken together provide a comprehensive assessment by some of the leading analysts of the Turkish economy. They present a balanced picture pointing towards significant achievements combined with enduring weaknesses and fragilities which are likely to pose serious economic, political and social challenges in the coming years. Providing an insight into the major difficulties of post-crisis adjustment, sustainability of the gains achieved so far and the challenges that lay 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 developing countries." - M. Mustafa Erdoğdu, Marmara University, New Perspectives on Turkey, 2010
"Turkey and the Global Economy offers a valuable contribution to the political economy literature on emerging economies... Everyone interested in Turkish political economy, scholars, practitioners and students, should read this book. Its contributions are particularly pertinent in the context of the current financial crisis, which has reminded the world of the importance not only of institutions, but also of good institutions." - ISIK OZEL, Sabanci University, Istanbul; South European Society and Politics, 2011