Global crisis, national responses: the political economy of Turkish exceptionalism
Öniş, Z. and Güven, Ali Burak (2011) Global crisis, national responses: the political economy of Turkish exceptionalism. New Political Economy 16 (5), pp. 585-608. ISSN 1356-3467.
Abstract
With its dilatory and piecemeal fiscal activism and uncharacteristic aversion to IMF assistance, the Turkish government’s response to the global economic crisis of 2008–9 diverged considerably from prevalent trends in other major emerging market countries. Underlying this intriguing pattern were Turkey’s pre-existing policy and macroeconomic constraints, cognitive lapses on the part of policymakers, and the conjunctural dynamics of domestic politics. The interplay of these factors progressively narrowed the policy space for vigorous action, leading to a motley combination of reactive initiatives that neither offered sufficient protection to vulnerable social groups nor promised sustainable growth in the long run despite rapid short-term recovery.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Humanities and Social Sciences > School of Social Sciences |
| Depositing User: | Ali Burak Guven |
| Date Deposited: | 13 Jan 2021 18:23 |
| Last Modified: | 02 Aug 2023 18:06 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/42113 |
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