When history repeats itself, the first time is a tragedy; the next is a farce.…
Turkey and the Long Decade with the IMF: 1998-2008 A. Erinc Yeldan
This article provides a critical review of Turkey’s engagement with the IMF over the past decade which ended recently. It argues that the end of the stand by in May 2008 signifies neither autonomy from the IMF nor a successful graduation and a completion of the IMF programme. Present Turkey is characterized by high debt, speculative growth environment with jobless patterns with its government institutions under siege.
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