Stabilisation programmes launched with the support of the Bretton Woods Institutions have done little to turn the crisis-plagued Turkish economy around since December 1999. Four articles by Turkish economists evaluate some recent programmes and government policies.

• Turkey: Economy, Politics and Society in the Post-Crisis Era
  Umit Cizre and Erinc Yeldan
  The current economic and political crisis in Turkey is not the end result of a set of technical errors or administrative mismanagement unique to Turkey, but is the result of series of pressures emanating from the process of integration with the global capital markets.
   
  
• Turkey : On the Structural Weakness of the Post 1999 Turkish Dis-inflation Program
  Ahmet Ertugrul and Erinc Yeldan
  The article highlights the structural weakeness of the exchange rate backed dis-inflation program, and shows that it led to an increase of the vulnerability of the banking system in Turkey.
   
  
• The Making of the Turkish Financial Crisis
  Yilmaz Akyuz and Korkut Boralav
  The IMF-supported stabilisation program failed in large part because of serious shortcomings in its design as well as in crisis intervention.
   
  
• On the Letter of Intent and the Turkish Economy at the Beginning of 2002
  A critical evaluation by the Independent Social Scientists – Economics Group finds that issues like long-run industrialization of the Turkish economy are missing.

April 1, 2002