Turkey and the Global Economy

Ziya Önis is Professor of International Political Economy and Director of the Graduate School of Social Sciences and Humanities at Koç University in Istanbul, Turkey. He has been a Visiting Fulbright Fellow at Princeton University and has participated in World Bank and OECD Development Center projects, as well as being the Associate Editor of the Journal of International Trade and Diplomacy.Fikret Senses is Professor of Economics in the Department of Economics at the Middle East Technical University, Ankara, Turkey. He was a visiting scholar at Harvard University, Visiting Fulbright Scholar at Columbia University, and editor of METU Studies in Development. His main research interests are trade and industrialization, labour markets, poverty, and development issues with special reference to the Turkish economy.

• 1. The New Phase of Neoliberal Restructuring in Turkey, An Overview 2. The Turkish Post-Crisis Development Experience: A Comparative Perspective 3. Turkey’s Post-Crisis Budgetary Performance 4. A Comparative Perspective on the Conduct of Monetary Policy in Turkey in the Pre- and Post-Crisis Periods 5. Transformation of Financial Markets in the Aftermath of Recent Crises in Turkey 6. Recent Privatization Experience of Turkey: A Reappraisal 7. Investment and Growth in Turkey 8. Industrial Restructuring and Technology Policy in Turkey 9. Foreign Trade, Foreign Investment and the European Union 10. Can Small and Medium Enterprises Rescue the Periphery from Economic Decline? 11. Dilemmas of Restructuring in Turkish Agriculture 12. Labor Market Adjustment and Unemployment in the Post-Crisis Era 13. Different Modes of Social Exclusion in Turkey 14. Turkey’s Status in the World in Terms of Governance and Development 15. Turkish Economy at a New Stage of Integration into the Global Economy: Towards a Synthesis and the Challenges Ahead

"The chapters taken together provide a comprehensive assessment by some of the leading analysts of the Turkish economy. They present a balanced picture pointing towards significant achievements combined with enduring weaknesses and fragilities which are likely to pose serious economic, political and social challenges in the coming years. Providing an insight into the major difficulties of post-crisis adjustment, sustainability of the gains achieved so far and the challenges that lay ahead, this book will be of interest to academics and scholars in the fields of International Political Economy and Globalization Studies, Middle East Studies and Development Studies, as well as having significance for practitioners in developing countries." - M. Mustafa Erdoğdu, Marmara University, New Perspectives on Turkey, 2010"Turkey and the Global Economy offers a valuable contribution to the political economy literature on emerging economies... Everyone interested in Turkish political economy, scholars, practitioners and students, should read this book. Its contributions are particularly pertinent in the context of the current financial crisis, which has reminded the world of the importance not only of institutions, but also of good institutions." - ISIK OZEL, Sabanci University, Istanbul; South European Society and Politics, 2011