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This paper attempts to provide a general framework to understand the broad features of Turkish political economy by focusing on key crises and their political and economic consequences. Attention is drawn to the transformative impact of the major crises in terms of both shifts in the broad thrust of economic policies and the nature of Turkish private sector development. The paper concludes by underlining the importance of democratic consolidation as a means of overcoming the cyclical nature of economic growth experienced so far, with its far-reaching and costly political and human consequences.


Ziya Onis
Ziya Onis
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From the Desk of the Editor During the COVID-19 pandemic, individuals and governments across the globe have been reminded of the value of human life and the delicacy of human psychology. Societies have been forced to conform to governments’ speedy decisions to prevent the spread of the virus, and individuals—from the most vulnerable to the most well-off —were forced to self-isolate. The isolation...