The Political Economy of Financial Transformation in Turkey 2018
DOI: 10.4324/9781315669632-1
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Cited by 5 publications
(4 citation statements)
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“…Yet, the fall of the inflation rate from three digit-figures in 1980 to 35-40% in the subsequent few years and the achievement of an approximately 6% annual growth rate of the GDP during 1981-1988 that were praised by the IMF as a successful implementation of structural adjustment reforms occurred in a highly oppressive environment created by the military coup of September 1980 (Akyuz & Boratav, 2003;Boratav et al, 2001;Ertugrul & Selcuk, 2001). Moreover, this internationally promoted growth model, which was dependent on short-term foreign capital flows, increased the vulnerabilities and imbalances in the Turkish economy, paving the way for recurrent crises following short periods of economic boom as experienced in 1994, 1998(Orhangazi & Yeldan, 2021Yalman et al, 2018). The 2001 financial crisis, according to official figures, left 390,000 people unemployed in just 1 year and resulted in a 14.4% decline in real wages in the manufacturing sector (Ozdemir, 2020).…”
Section: Contextualizing the Digitalization Of The Turkish Public Sec...mentioning
confidence: 99%
“…Yet, the fall of the inflation rate from three digit-figures in 1980 to 35-40% in the subsequent few years and the achievement of an approximately 6% annual growth rate of the GDP during 1981-1988 that were praised by the IMF as a successful implementation of structural adjustment reforms occurred in a highly oppressive environment created by the military coup of September 1980 (Akyuz & Boratav, 2003;Boratav et al, 2001;Ertugrul & Selcuk, 2001). Moreover, this internationally promoted growth model, which was dependent on short-term foreign capital flows, increased the vulnerabilities and imbalances in the Turkish economy, paving the way for recurrent crises following short periods of economic boom as experienced in 1994, 1998(Orhangazi & Yeldan, 2021Yalman et al, 2018). The 2001 financial crisis, according to official figures, left 390,000 people unemployed in just 1 year and resulted in a 14.4% decline in real wages in the manufacturing sector (Ozdemir, 2020).…”
Section: Contextualizing the Digitalization Of The Turkish Public Sec...mentioning
confidence: 99%
“…Diese Abhängigkeit führte strukturell zu Zahlungsbilanzproblemen. Die abhängige Produktionsstruktur verknüpfte das Wirtschaftswachstum mit dem Zufluss von Geldkapital in Form von Fremdwährungen (Epstein, 2005;Nölke, 2009;Becker, 2010;Becker et al, 2013;Lapavitsas, 2013;Becker, 2014;Stockhammer, 2014;Akçay, 2018b;Yalman et al, 2019;Becker, 2020). Aus diesem Grund sprechen heterodoxen Ökonomen von "abhängiger Finanzialisierung", "untergeordneter Finanzialisierung" oder "peripherer oder semiperipherer Finanzialisierung", um sowohl die Besonderheiten der Finanzialisierung in (Semi-)peripherie wie auch die Gemeinsamkeiten derartiger Prozesse in sämtlichen Ländern zu analysieren (Akçay, 2018b, S. 618).…”
Section: Finanzialisierung In Der Türkei Und Transition To the Strong...unclassified
“…Under the AKP, the labour landscape was even more drastically transformed by a series of legal and institutional reforms that further entrenched the informalisation of labour relations via the loss of previously guaranteed benefits (Yalman et al. 2019). Combined with the extensive privatisation and loss of state provided services, Turkey today has one of the worst records with regards to employment benefits, fair wages, working hours, and unionisation rights (DİSK 2018).…”
Section: Neoliberal Islamicism and The Gender Impacts Of State Effort...mentioning
confidence: 99%