The Turkish political economy after the 2000-2001 financial crises : an unusual chapter written by the first Justice and Development Party government
Author(s)
Advisor
Date
2007Publisher
Bilkent University
Language
English
Type
ThesisItem Usage Stats
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Abstract
This thesis analyzes the five-year period of the Turkish political economy
following the 2000-2001 financial crises. This five-year period signifies an important
point of departure from the classical Turkish political economy as stable and rapid growth
was sustained for over twenty consecutive quarters. 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 longlasting
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.
Keywords
Turkish Political EconomyJustice and Development Party
Kemal Dervis
IMF
EU
2000-2001 Financial Crises