Turkey: crisis of IMF-directed policies and possibility of alternatives
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Universidad Central de Venezuela
2002
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| _version_ | 1876469647273885696 |
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| author | Özgür Orhangazi |
| author_facet | Özgür Orhangazi |
| contents | Turkey: crisis of IMF-directed policies and possibility of alternatives Özgür Orhangazi Economía y Finanzas IMF Turkey Financial crisis The beginning of the 2001 in Turkey has been marked by a very destructive economic crisis. The increased fragility of the system after the implementation of an IMF-directed disinflation and sta-bilization program paved the way to the collapse of both the program itself and the economy. This paper argues that the crisis can neither be explained solely by the coincidence of indepen-dent events nor by technical problems of economic policies. The IMF-directed policies caused the crises by increasing the fragility of the system. Insistence on these policies will only worsen the conditions and results of these policies are both economically and socially undesirable. This paper shows that alternative policies and tools, which will provide improvements in growth, em-ployment, and income distribution are available. 2002 artículo científico 1315-3617 https://www.redalyc.org/articulo.oa?id=36480209 en http://www.redalyc.org/revista.oa?id=364 Revista Venezolana de Análisis de Coyuntura application/pdf Universidad Central de Venezuela Revista Venezolana de Análisis de Coyuntura (República Bolivariana de Venezuela) Num.2 Vol.VIII |
| format | Artículo científico |
| id | redalyc_36480209 |
| institution | Redalyc |
| language | en |
| publishDate | 2002 |
| publisher | Universidad Central de Venezuela |
| spellingShingle | Turkey: crisis of IMF-directed policies and possibility of alternatives Özgür Orhangazi Economía y Finanzas IMF Turkey Financial crisis Turkey: crisis of IMF-directed policies and possibility of alternatives Özgür Orhangazi Economía y Finanzas IMF Turkey Financial crisis The beginning of the 2001 in Turkey has been marked by a very destructive economic crisis. The increased fragility of the system after the implementation of an IMF-directed disinflation and sta-bilization program paved the way to the collapse of both the program itself and the economy. This paper argues that the crisis can neither be explained solely by the coincidence of indepen-dent events nor by technical problems of economic policies. The IMF-directed policies caused the crises by increasing the fragility of the system. Insistence on these policies will only worsen the conditions and results of these policies are both economically and socially undesirable. This paper shows that alternative policies and tools, which will provide improvements in growth, em-ployment, and income distribution are available. 2002 artículo científico 1315-3617 https://www.redalyc.org/articulo.oa?id=36480209 en http://www.redalyc.org/revista.oa?id=364 Revista Venezolana de Análisis de Coyuntura application/pdf Universidad Central de Venezuela Revista Venezolana de Análisis de Coyuntura (República Bolivariana de Venezuela) Num.2 Vol.VIII |
| title | Turkey: crisis of IMF-directed policies and possibility of alternatives |
| topic | Economía y Finanzas IMF Turkey Financial crisis |
| url | https://www.redalyc.org/articulo.oa?id=36480209 |