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Economic Crises in Turkey and Pathways to the Future

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  • Kursat Cinar
  • Tekin Kose

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.

Suggested Citation

  • Kursat Cinar & Tekin Kose, 2015. "Economic Crises in Turkey and Pathways to the Future," Journal of Balkan and Near Eastern Studies, Taylor & Francis Journals, vol. 17(2), pages 159-180, April.
    • Handle: RePEc:taf:cjsbxx:v:17:y:2015:i:2:p:159-180
    DOI: 10.1080/19448953.2014.997487
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