Neoliberal restructuring in Turkey: From state to oligarchic capitalism

Roy Karadag

No 10/7, MPIfG Discussion Paper from Max Planck Institute for the Study of Societies

Abstract: How have neoliberal reform policies changed Turkey's political economy? The aim of this paper is to counter claims of convergence towards a liberal capitalist order. Given the historical dynamics of the political embeddedness of Turkey's economy, after 1980, transformations in the state and the economy institutionalized the erosion of Turkish state capitalism. Due to the consolidation of new elite cartels, political fragmentation, and continuing systemic corruption involving networks comprising political and economic elites, what emerged as a result of restructuring is an oligarchic form of capitalism. It is currently undergoing further institutional changes, the outcome of which will depend closely on the power resources and strategies of the incumbent moderate Islamist Justice and Development Party.

Date: 2010
New Economics Papers: this item is included in nep-ara and nep-pol
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:mpifgd:107

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