Turan Subasat is a professor at the University of Mugla.
Impact of global crisis
His research focuses on development, international and political economics. This work is licensed under a Creative Commons Attribution 4.
- The End of Boom and the Political Economy of Turkey’s crisis.
- Handbook of Aging and the Social Sciences, Sixth Edition (Handbook of Aging);
- Two Lives of Developmentalism: A Polanyian View from Turkey.
- Turkey in the world.
- The Background and Contents of Pauls Cultic Atonement Metaphors (Academia Biblica 19).
- British As A Second Language.
- Lines From The Holy Koran By a White American Muslim Suras 1-3?
DOI: Economics Commons , Political Science Commons. The divided political structure and vulnerabilities in the management of the economy in the mids consolidated the spoils system. Public finance deteriorated due to paying high interest to the financial sector over aggravating internal debt.
The political economy of Turkey
By loaning the credits taken abroad to public institutions with high interest rates and exploiting the internal debt spiral, a superficial bourgeoisie that had the political power to form and destroy political coalitions was shaped. The terms such as industry, investment and production became obsolete in the country.
- North American P-51 Mustang.
- Open issues.
- Ti potrebbero interessare anche:.
- Turkey’s New Regime And Its Neoliberal Foundations – Yonca Özdemir.
- García Márquez: the man and his work;
- The Political Economy of Education in Turkey: State, Labor, and Capital under AKP Rule?
Implemented in , this system created a resource pool among state enterprises and allowed those showing relatively better financial performance to loan with low interest rates. Rather innovative for its time, the pool system limited the vulnerabilities of public finance that was caused by state enterprises and the total public debt started to decline. The new public finance order caused a great loss to those who were loaning funds to the state institutions with high interest rates.
Rejecting to lose their source of easy income, this financial bourgeoisie initiated its plan to either persuade the coalition to give up the pool system or to depose the coalition. What happened next is history.
Syllabus of IR 463 - Political Economy of Turkey
While injecting the paranoia of regression into the subconsciousness of society with marginalized figures and images, the coup perpetrators were attempting to cover up the substantial economic and financial operation. Coming to power in June , the coalition formed between the Motherland Party, Democratic Left Party and True Path Party, also known as the AnaSol-D coalition, removed the pool system and opened the way to the internal debt exploitation cycle.
Allowing the financial bourgeoisie to exploit internal debt, this system crashed with the twin crises of and - all tax revenue of the state was being used for paying interest and it was not enough. Along with having a detrimental effect on public finance, the February 28, coup also damaged financial supervision and regulation systems.
Turkey Economy, Politics and GDP Growth Summary - The Economist Intelligence Unit
Undermining the financial supervision system, weak coalition governments issued multiple banking licenses together with their allies including the military-civilian bureaucracy and financial bourgeoisie. Transferring public banks to private enterprises without any supervision, issuing banking permits easily, siphoning banks the high volume of international loans taken to be given to public institutions with high interest rates and the fragility of supervisory institutions triggered a banking crisis. Advertisement Hide.
This process is experimental and the keywords may be updated as the learning algorithm improves. This is a preview of subscription content, log in to check access.
New York: Nova Science Publishers, Google Scholar. Boratav, Korkut.
Dereli, Toker. Labour Law and Industrial Relations in Turkey. Hague: Kluwer Law International,