Economic Crisis as an Instigator of Distributional Conflict: The Turkish Case in 2001

Fikret Senses ()
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Fikret Senses: Department of Economics, METU

No 206, ERC Working Papers from ERC - Economic Research Center, Middle East Technical University

Abstract: The study assesses the socioeconomic impact of the recent crisis in Turkey which started in the financial sector but soon made its presence felt in a wide range of other spheres. It argues that the impact of the crisis should be examined against the background of the neoliberal policies that have been in force since 1980 and the momentum of powerful structural factors most of which carried over from an even earlier period. After a brief discussion of the main conceptual and statistical difficulties confronted in assessing and isolating the impact of the crisis, the study investigates its effect in spheres such as production, employment, unemployment, wages, poverty, and income distribution and draws attention to its negative impact. To have a more complete view of its overall impact, the study also considers the response of the government, international organizations, and households to the crisis.

Pages: pages
Date: 2002-06, Revised 2002-06
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Persistent link: https://EconPapers.repec.org/RePEc:met:wpaper:0206

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