Hostname: page-component-77c89778f8-gq7q9 Total loading time: 0 Render date: 2024-07-21T21:57:27.906Z Has data issue: false hasContentIssue false
  • English
  • Français

Convenient Fictions, Inconvenient Truths: A Comment on Öniş and Bayram

Published online by Cambridge University Press:  21 July 2015

Ravi Arvind Palat
Ravi Arvind Palat*
Affiliation:
State University of New Yorkat Binghamton, palat@binghamton.edu
Get access Rights & Permissions [Opens in a new window]

Extract

Ziya Öniş and İsmail Emre Bayram seek to assess whether the rapid rates of growth experienced by the Turkish economy since it weathered a severe crisis in 2001 as measured by several indices—high levels of investment, especially foreign investment; sustained “export orientation;” increased outlays for education, research and development; sustained economic and political stability, and “favorable regional dynamics” as the European Union (EU) enlargement process—are merely a flash in the pan or sustainable over the long-run. To do this they cast the Turkish trajectory against the “miracle economies” of East Asia, as well as some other middle-and low-income economies in Latin America and elsewhere. Based on this analysis, they conclude that while there are some serious concerns—low domestic savings rate, large deficits in the current account, tapering off the EU accession process, dependence on foreign capital and export markets— long-term sustainable growth can be achieved in Turkey if these vulnerabilities are addressed.

Type
Articles
Information
New Perspectives on Turkey , Volume 39 , Fall 2008 , pp. 85 - 95
Copyright
Copyright © New Perspectives on Turkey 2008

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Akamatsu, Kaname “A Historical Pattern of Economic Growth in Developing Countries.” Journal of Developing Economies 1, no. 1 (1962): 3–25.CrossRefGoogle Scholar
Amsden, Alice. Asia's Next Giant: South Korea and Late Industrialization. New York: Oxford University Press, 1989.Google Scholar
Arrighi, Giovanni. “The Developmentalist Illusion: A Reconceptualization of the Semiperiphery.” In Semiperipheral States in the World-Economy, edited by Martin, William G., 11–42. Westport: Greenwood Press, 1990.Google Scholar
Arrighi, Giovanni. The Long Twentieth Century: Money, Power, and the Origins of Our Time. London: Verso, 1994.Google Scholar
Arrighi, Giovanni, Ikeda, Satoshi, and Irwan, Alex. “The Rise of East Asia: One Miracle or Many?” In Pacific-Asia and the Future of the World-System, edited by Palat, Ravi Arvind, 41–65. Westport: Greenwood Press, 1993.Google Scholar
Bach, David, Newman, Abraham L, and Weber, Steven. “The International Implications of China's Fledgling Regulatory State: From Product Maker to Rule Maker.” New Political Economy XI, no. 4, December (2006): 499–518.CrossRefGoogle Scholar
Bernard, Mitchell, and Ravenhill, John. “Beyond Product Cycles and Flying Geese: Regionalization, Hierarchy, and the Industrialization of East Asia.” World Politics XLVII, no. 2 (1995): 171–209.CrossRefGoogle Scholar
Bunker, Stephen G., and O’Hearn, Denis. “Strategies of Economic Ascendants for Access to Raw Materials: A Comparison of the United States and Japan.” In Pacific-Asia and the Future of the World-System, edited by Palat, Ravi Arvind, 83–102. Westport: Greenwood Press, 1993.Google Scholar
Cumings, Bruce. “The Abortive Abertura: South Korea in the Light of Latin American Experience.” New Left Review 173 (1989): 5–32.Google Scholar
Cumings, Bruce. “The Origins and Development of the Northeast Asian Political Economy: Industrial Sectors, Product Cycles, and Political Consequences.” In The Political Economy of the New Asian Industrialism, edited by Deyo, Frederic C., 44–83. Ithaca: Cornell Univ. Press, 1987.Google Scholar
Eccleston, Bernard. State and Society in Post-Wor Japan. Cambridge: Polity Press, 1989.Google Scholar
Evans, Peter. Dependent Development: The Alliance of Multinational, State, and Local Capital in Brazil. Princeton: Princeton Univ. Press, 1979.CrossRefGoogle Scholar
Frieden, Jeff. “Third World Indebted Industrialization: International Finance and State Capitalism in Mexico, Brazil, Algeria, and South Korea.” In Postimperialism: International Capitalism and Development in the Late Twentieth Century, edited by Becker, David G., Frieden, Jeff, Schatz, Sayre P. and Sklar, Richard L., 131–59. Boulder: Lynne Rienner, 1987.CrossRefGoogle Scholar
George, Susan. The Debt Boomerang: How Third World Debt Harms Us All. London: Pluto, 1992.Google Scholar
Gold, Thomas B. “Entrepreneurs, Multinationals, and the State.” In Contending Approaches to the Political Economy of Taiwan, edited by Winckler, Edwin A. and Greenhalgh, Susan, 175–205. Armonk: M. E. Sharpe, 1988.Google Scholar
Hart-Landsberg, Martin, and Burkett, Paul. “China, Capitalist Accumulation, and Labor.” Monthly Review LIX, no. 1, May (2007): 17–39.CrossRefGoogle Scholar
Johnson, Chalmers. MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975. Stanford: Stanford University Press, 1982.CrossRefGoogle Scholar
McMichael, Philip. “Globalization: Myths and Realities.” Rural Sociology LXI, no. 1, Spring (1996): 25–55.CrossRefGoogle Scholar
Ozawa, Terutomo. Multinationalem, Japanese Style: The Political Economy of Outward Dependency. Princeton: Princeton Univ. Press, 1979.Google Scholar
Öniş, Ziya, and Bayram, İsmail Emre. “A Temporary Star or an Emerging Tiger? Turkey's Recent Economic Performance in a Global Setting.” New Perspectives on Turkey, no. 39 (2008): 47–84.CrossRefGoogle Scholar
Palat, Ravi Arvind. Capitalist Restructuring and the Pacific Rim. London: Routledge, 2004.CrossRefGoogle Scholar
Palat, Ravi Arvind. “Miracles of the Day Before? The Great Asian Meltdown and the Changing World-Economy.” Development and Society XXVIII, no. 1, June (1999): 1–47.Google Scholar
Palat, Ravi Arvind. “A New Bandung? Economic Growth vs. Distributive Justice Among Emerging Powers.” Futures XL, no. 8, October (2008): 721–34.Google Scholar
Simon, Dennis F. “Technology Transfer and National Autonomy.” In Contending Approaches to the Political Economy of Taiwan, edited by Winckler, Edwin A. and Greenhalgh, Susan, 206–23. Armonk: M. E. Sharpe, 1988.Google Scholar
United Nations. World Economic Survey, 1990. New York: United Nations, 1990.Google Scholar
Wade, Robert. “The Asian Crisis: The High Debt Model Versus the Wall Street-Treasury-IMF Complex.” New Left Review 228 (1998): 3–23.Google Scholar
Wade, Robert. “The Asian Debt-and-development Crisis of 1997-?: Causes and Consequences.” World Development XXVI, no. 8 (1998): 1535–553.CrossRefGoogle Scholar
Wade, Robert. Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization. Princeton: Princeton University Press, 1990.CrossRefGoogle Scholar
Wade, Robert, and Veneroso, Frank. “The Gathering World Slump and the Battle Over Capital Controls.” New Left Review 231 (1998): 13–42.Google Scholar
Wallerstein, Immanuel. The Capitalist World-Economy. New York: Cambridge University Press, 1979.Google Scholar