2009
DOI: 10.1080/13608740902995869
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Wobbling but Still on its Feet: The Turkish Economy in the Global Financial Crisis

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Cited by 13 publications
(5 citation statements)
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“…In this context, the events characterizing the Turkish political arena are quite peculiar and offer interesting analytical insights that differentiate the movement from other countries. The economic backdrop suffered by the country in 2001, has produced a set of specific policy responses, which led Turkey to installing a set of radical neoliberal reforms (Bakir 2009) at the expense of the welfare state. As documented for example by Bakir, the economic resistance of Turkey to the financial crisis that hit the world from 2008 onwards shows evidence of a specific institutional rigidity that has focused 'on the achievement of price stability and budget balance where employment, social welfare and industrial policies are delegated to a residual category' (Bakir 2009, 82).…”
Section: Occupygezi: a Laboratory Of Democracy?mentioning
confidence: 99%
“…In this context, the events characterizing the Turkish political arena are quite peculiar and offer interesting analytical insights that differentiate the movement from other countries. The economic backdrop suffered by the country in 2001, has produced a set of specific policy responses, which led Turkey to installing a set of radical neoliberal reforms (Bakir 2009) at the expense of the welfare state. As documented for example by Bakir, the economic resistance of Turkey to the financial crisis that hit the world from 2008 onwards shows evidence of a specific institutional rigidity that has focused 'on the achievement of price stability and budget balance where employment, social welfare and industrial policies are delegated to a residual category' (Bakir 2009, 82).…”
Section: Occupygezi: a Laboratory Of Democracy?mentioning
confidence: 99%
“…Following the November 2002 elections, new Justice and Development Party government successfully implemented this program, which was revised in early 2002 to cover the 2002–2004 periods. Following the Turkish crisis in 2001 and before the global credit crunch in 2008 (i.e., between 2002 and 2007), GDP growth rate and inflation rate averaged 6.8% and 13.8%, respectively (Bakir 2009). The public sector scored well in public finance and debt‐related indicators due to a primary surplus, which averaged above 5% of GDP during the same period.…”
Section: Policy Entrepreneurship and Mediation In A Punctuated Equilimentioning
confidence: 99%
“…As Figure 2 performance and policy space for structural reforms. 24 The divergence of Turkey's response to the crisis from other emerging market economies was a phenomenon studied in detail. 25 Articles on financial crises were followed by 19 articles on development.…”
Section: Thematic Distribution and Methodological Orientation Of Articlesmentioning
confidence: 99%