1. The Return of the State and Its Alla Turca Version
- Author
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Izmen, Umit and Ozel, Soli
- Subjects
Turkey -- Economic policy ,Economic reform -- Political aspects ,State (Political science) -- Economic aspects ,International relations ,Political science - Abstract
Economic nationalism and state intervention recently gained attraction in many countries including Turkey. This paper questions whether Turkey has changed its economic policy framework towards a state-centric model and, if so, whether these changes are well thought-out and sustainable. The examination of key areas of state capitalism, that is the monetary, industrial, trade, financial, and state economic enterprise (SEE) policies put forward in the officially adopted five-year plans and annual programs, suggests that the changes in the economic policy framework began after the 2008 global crisis and accelerated after the transition to a presidential system. Upon examination, the policy framework does not reflect a definitive, coherent, and wholistic approach but rather a pragmatic attitude that swings back and forth, which exposes the country to swings in the global system. Keywords: state-centric model, liberal international order, Turkey, globalization backlash, state capitalism, Introduction It is now commonplace to argue as even the World Economic Forum did that the financial crisis of 2008 spelled the end of the neoliberal paradigm's domination in shaping [...]
- Published
- 2024
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