Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.

Special Drawing Rights (SDRs) --- banking crises --- reserve currency --- asymmetry --- derivative --- Asian crisis --- policy uncertainty --- monetary plurality --- mortgage crisis --- nonlinear ARDL --- China --- emerging market economies --- exchange rates --- default swap --- LIBOR --- currency --- cash flow --- Belt and Road Initiative --- money demand --- commodity price stabilisation --- trade balance --- risk management --- Argentina --- RMB internationalization --- GMM --- currency convertibility --- investment --- Grondona system --- exchange rate disconnect puzzle --- monetary policy --- NARDL --- Special Drawing Right --- currency pegs --- international monetary system --- economic institutions --- cointegration --- macroeconomic fundamentals --- currency crisis --- the U.S.A.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The first comprehensive history of the Turkish economyThe population and economy of the area within the present-day borders of Turkey has consistently been among the largest in the developing world, yet there has been no authoritative economic history of Turkey until now. In Uneven Centuries, Şevket Pamuk examines the economic growth and human development of Turkey over the past two hundred years.Taking a comparative global perspective, Pamuk investigates Turkey's economic history through four periods: the open economy during the nineteenth-century Ottoman era, the transition from empire to nation-state that spanned the two world wars and the Great Depression, the continued protectionism and import-substituting industrialization after World War II, and the neoliberal policies and the opening of the economy after 1980. Making use of indices of GDP per capita, trade, wages, health, and education, Pamuk argues that Turkey's long-term economic trends cannot be explained only by immediate causes such as economic policies, rates of investment, productivity growth, and structural change.Uneven Centuries offers a deeper analysis of the essential forces underlying Turkey's development-its institutions and their evolution-to make better sense of the country's unique history and to provide important insights into the patterns of growth in developing countries during the past two centuries.

Economic development --- Economic development --- History --- History --- Turkey --- Turkey. --- Economic conditions. --- 1950s. --- 1970s. --- 1980. --- Asian crisis. --- Balkans. --- Democrat Party. --- GDP. --- Great Depression. --- Industrial Revolution. --- North America. --- Ottoman government. --- Ottoman institutions. --- Ottoman reforms. --- Turkey. --- War of Independence. --- Western Europe. --- World War I. --- World War II. --- agriculture. --- capital movements. --- capital. --- developed countries. --- developing countries. --- developing-country. --- economic development. --- economic environment. --- economic growth. --- economic history. --- economic institutions. --- economic policies. --- economic power. --- empire. --- external support. --- financial globalization. --- foreign capital. --- foreign trade. --- growth rates. --- growth. --- human capital. --- human development. --- income distribution. --- income per capita. --- independence movements. --- industrialization. --- institutional changes. --- institutions. --- international trade. --- investment. --- labor force. --- labor movements. --- labor unions. --- labor. --- land. --- macroeconomic instability. --- mid-1950s. --- modern Turkey. --- multiparty political system. --- nation-state. --- nineteenth century. --- open economy. --- per capita GDP. --- per capita income. --- per capita incomes. --- physical capital. --- political developments. --- political system. --- productivity. --- protectionism. --- reforms. --- technological changes. --- technological progress. --- western European states. --- world averages. --- world wars.