Biblioteca Digital de VanguardiaTurkey: crisis of IMF-directed policies and possibility of alternatives
The beginning of the 2001 in Turkey has been marked by a very destructive economic crisis. The increased fragility of the system after the implementation of an IMF-directed "disinflation and sta-bilization" program paved the way to the collapse of both the program itself and the economy. T...
| Autor principal: | |
|---|---|
| Formato: | artículo científico |
| Lenguaje: | Inglés |
| Publicado: |
Universidad Central de Venezuela
2002
|
| Materias: | |
| Acceso en línea: | http://www.redalyc.org/articulo.oa?id=36480209 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/43920 |
| Sumario: | The beginning of the 2001 in Turkey has been marked by a very destructive economic crisis. The increased fragility of the system after the implementation of an IMF-directed "disinflation and sta-bilization" program paved the way to the collapse of both the program itself and the economy. This paper argues that the crisis can neither be explained solely by the coincidence of indepen-dent events nor by technical problems of economic policies. The IMF-directed policies caused the crises by increasing the fragility of the system. Insistence on these policies will only worsen the conditions and results of these policies are both economically and socially undesirable. This paper shows that alternative policies and tools, which will provide improvements in growth, em-ployment, and income distribution are available. |
|---|