With its dilatory and piecemeal fiscal activism and uncharacteristic reluctance toward IMF assistance, the Turkish government's response to the global economic crisis of 2008-2009 sharply contrasted the bold approaches adopted by other major emerging market countries. Underlying this policy...

Financial globalization offers both risks and benefits for countries of the semi-periphery orthe so-called "emerging markets". Politics within the national space matters, yet acquires a new meaning, in the age of financial globalization. "Weak democracies" are characterized by limited...

The Argentine experiment of the 1990s attracted significant international attention as a model case of neo-liberal restructuring. The Turkish version of neo-liberalism had also been identified as a success case during its early stages in the mid-1980s. Subsequent crises in both countries,...