Abstract
This paper investigates the Turkish economy within a comparative historical framework. In light of a thorough discussion of Turkish economic crises in the post-1980 period, the paper explores Turkey's contemporary strengths and weaknesses in the global economic arena by comparing it with its peers and developed nations. The paper also highlights Turkey's extant economic vulnerabilities, especially its current account deficit, volatile international capital flows and ongoing banking sector problems. Along with other policy recommendations regarding these vulnerabilities, the paper proposes the introduction of capital controls to enhance economic institutions and cope with future hardships.
| Original language | English |
|---|---|
| Pages (from-to) | 159-180 |
| Number of pages | 22 |
| Journal | Journal of Balkan and Near Eastern Studies |
| Volume | 17 |
| Issue number | 2 |
| Early online date | 12 Jan 2015 |
| DOIs | |
| Publication status | Published - 3 Apr 2015 |
Bibliographical note
Acknowledgements: The authors would like to thank Dr Meral Ugur Cinar (Bilkent University) and Dr Caner Bakir (Koç University) for their thoughtful comments and suggestions during the preparation of this paper. All responsibility for errors lies with the authors.Disclosure Statement: No potential conflict of interest was reported by the authors.