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Full-Text Articles in Social and Behavioral Sciences
Integration With Global Financial Markets And Domestic Political Reform: Comparing Poland And Turkey, Birol A. Yeşilada, Janusz Puzniak, Ahmet Sozen
Integration With Global Financial Markets And Domestic Political Reform: Comparing Poland And Turkey, Birol A. Yeşilada, Janusz Puzniak, Ahmet Sozen
Political Science Faculty Publications and Presentations
This paper is about the political economy of policy reform in contemporary Poland and Turkey. It focuses on the period of 1980-97 in Turkey and 1989-97 in Poland during which the economies of these countries underwent significant structural changes and became integrated with global financial markets with the rise of the Warsaw Stock Exchange in 1991 and the Istanbul Stock Exchange in 1986.
The first part of the paper provides an overview of the contending theoretical perspectives on "Phoenix risen" and on how external and domestic economic factors influence domestic political reforms in countries where integration with international financial markets …