Liberal İktisat Öğretisi, Kriz ve Türkiye Üzerine Bazı Gözlemler

Şiir YILMAZ

Article Details

Liberal İktisat Öğretisi, Kriz ve Türkiye Üzerine Bazı Gözlemler

Authors:

Şiir YILMAZ

Publisher:

Ankara Hacı Bayram Veli University

Journal:

Gazi University Journal of Faculty of Economics and Administrative Sciences 2001 Vol.3 Issue 3, pp.27-40

Document Type:

Article

Publication Date:

11/2001

Document Language:

Turkish

Document ID (Org No.):

2000867319

Frequency:

Tri-annual

eISSN:

2667-405X

Abstract:

 

The world economy has largely been liberalised in 1990s. This liberalisation manifests itself mainly as financial liberalisation. The financial liberalisation in the emerging market economies makes them more fragile against external shocks and financial crises. Being a less developed country, Turkey, after a long period of protectionist trade policy, has emerged on the free world market with a high inflation rate and high real interest rates, and has become an attractive market for speculative, short term capital flows. These foreign capital flows have been fostered by huge public budget deficits which are no longer sustainable. Turkish economy has suffered three serious financial crises in the 1990s as a result of these liberal policies. What about the expected consequences of the liberal doctrine and the benefits of liberal foreign trade policy? Who is responsible for these financial crises which frequently take place especially in the emerging market economies? Those who cannot realize the distinction between the liberal doctrine and the policy implications of liberalisation should bear the responsibility.

Article Details

Liberal İktisat Öğretisi, Kriz ve Türkiye Üzerine Bazı Gözlemler

Authors: Şiir YILMAZ

Publisher: Ankara Hacı Bayram Veli University

Journal: Gazi University Journal of Faculty of Economics and Administrative Sciences 2001 Vol.3 Issue 3, pp.27-40

Document Type: Article

Publication Date: 11/2001

Document Language: Turkish

Document ID (Org No.): 2000867319

Frequency: Tri-annual

eISSN: 2667-405X

Issues

Authors:

Şiir YILMAZ

Publisher:

Ankara Hacı Bayram Veli University

Journal:

Gazi University Journal of Faculty of Economics and Administrative Sciences 2001 Vol.3 Issue 3, pp.27-40

Document Type:

Article

Publication Date:

11/2001

Document Language:

Turkish

Document ID (Org No.):

2000867319

Frequency:

Tri-annual

eISSN:

2667-405X