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The present volume explains why Turkey has experienced persistent macroeconomic instability punctuated by a crisis, or the clear threat of crisis, about every ten years or so since the end of World War II. In addition to identify the sources of Turkey’s macroeconomic problems and explain why Turkish government responded to crisis in the ways they did, the book analyzes the effects of macroeconomic policy in general, and of crisis management in particular, on long-term economic growth. The focus on the link between macroeconomic policy and long-term growth sets this book apart from most of existing literature, which routinely treats these issues separate from each other.

This volume on Turkey by Professors Ziya Onis and James Riedel is one product of a World Bank research project that reviewed the macroeconomic experiences of eighteen developing countries over a period roughly from 1965 to 1990. This period encompassed two oil stocks, two world recessions, a sharp rise in world interest rates, the debt crises, and changes in exchange rate regimes.

Ziya Onis

Ziya Önis (born May 12, 1957 in Istanbul) is a Turkish political economist, and Professor of International Relations and the Director of the Center for Research on Globalization and Democratic Governance (GLODEM) at Koç University in Istanbul, Turkey.

He received his BA and MA degrees from London School of Economics, Department of Economics. He received his PhD. from University of Manchester on Development Economics. He worked with Professor Colin Kirkpatrick and Professor Frederick Nixson at Manchester. Önis took active part in different OECD andWorld Bank projects as consultant and prepared reports and working papers. He is one of the most cited social scientists in Turkey and a world-wide known Turkish political economist. Önis has been cited in the Social Science Citation Index about 500 times as of September 2010. Prof. Onis is a member of The Turkish Academy of Sciences (TÜBA). Due to his significant contributions to Turkish political economy, Turkish foreign policy and Turkish politics fields in a comparative perspective, he received TUBITAK Science Award in Social Sciences in July 2012, which is known as the most prestigious scientific award in Turkey.

His recent articles (selected ones) include “Power, Interests and Coalitions: The Political Economy of Mass Privatization in Turkey”. Third World Quarterly, Vol. 32, No.4 (2011); “Contesting for Turkey’s Political ‘Center’: Domestic Politics, Identity Conflicts and the Controversy over EU Membership”. Journal of Contemporary European Studies. Vol. 18, No. 3 (2010); (with C. Bakır) “The Regulatory State and Turkish Banking Reforms in the Age of Post-Washington Consensus”. Development and Change, Vol. 41, No.1 (2010).

He has published and edited many books on Turkish political economy including (edited with F. Şenses) Turkey and the Global Economy: Neo-liberal Restructuring and Integration in the Post-Crisis Era. London: Routledge (2009);(with F. Keyman), Turkish Politics in a Changing World: Global Dynamics and Domestic Transformations. Istanbul: Istanbul Bilgi University Press (2007). Reprinted (2010);(edited with B. Rubin) The Turkish Economy in Crisis. London: Frank Cass/Routledge (2003).

Личен сайт: http://home.ku.edu.tr/~zonis/

James Riedel

James Riedel is the William L. Clayton Professor of International Economics at Johns Hopkins University School of Advanced International Studies, where he has been on the faculty since 1976. His interests lie in economic development, international finance, and international trade theory and policy. He is member of the Board of Directors of the Vietnam Debt Fund (Dragon Capital Group). He has been Senior Economic Advisor to the USAID‐funded STAR‐project, which advises the government of Vietnam on economic policy and a consultant to the World Bank, the Asian Development Bank, the Inter-American Development Bank, the OECD and other international organizations and corporations. He is on the advisory boards of the American Committee for Asian Economic Studies and the Hong Kong Centre for Economic Research. He has been a research fellow at the Institut fur Weltwirtschaft (Kiel), a visiting fellow at the Australian National University and Nuffield College, Oxford, and a Fulbright Professor in Vietnam. He is an Associate Editor of the Journal of Asian Economics and on the advisory boards of The World Economy and Asia Pacific Economic Literature. He has published numerous books and articles on international trade theory, international finance and economic development.