Global Economic Crisis: Experience Of Turkey As The Model Of Recovery
AbstractBetween the years 1820-2008, there have been many economic crises in the World. Each of the crises had different intensity, scope and dimension. 2008 global crisis also had distinctive features. Starting with U.S. financial crisis, with a domino effect of financial instruments, the crisis deepened and shifted to global dimension without any discontinuity. Effects of the 2008 global crisis, as countries could not reach financial balance and could not implement policies that would restart economic growth, has continued untill today. Turkey, especially after 2000, by establishing a firm banking sector, strong financial discipline, and by making reforms, built up a confidence atmosphere that brought about a 10% economic growth with help of the driving force of flexible of the private sector during the 2008 global crisis. In this study a summary of the global economic crisis is provided, before talking about reasons of the crisis in detail. Data about the measures taken and applications made by Turkey, as a model of a recovery from the global economic crisis, constitutes the main part of this study. In addition, predictions would be made about the new dimensions of the global economic crisis.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Spiru Haret University, Faculty of Accounting and Financial Management Constanta in its journal Journal of Academic Research in Economics.
Volume (Year): 4 (2012)
Issue (Month): 1 (March) ()
Contact details of provider:
Web page: http://www2.spiruharet.ro/facultati/facultate.php?id=9
More information through EDIRC
Global financial crisis; economic crisis; measures and applications.;
Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- D29 - Microeconomics - - Production and Organizations - - - Other
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudiu Chiru).
If references are entirely missing, you can add them using this form.