The Global Financial Crisis Of 2008 And Turkey

KILIÇ, Ramazan (2010) The Global Financial Crisis Of 2008 And Turkey. In: 2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo.


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The First World Economic Crisis that started in 1929 and rapidly influenced all the countries around the world resulted in stagnation, common unemployment, increase in foreign trade deficits and consequent decrease in the level of welfare. The policies initiated in order to decrease and eventually delete these effects of the crisis could only give results many years later. However, erasing the effects of the first crisis was not enough to put an end to the world crises. In 1970 a new crisis bringing along worse results than the previous, began. During this period of both inflation and stagnation, the results have been more destructive. The third major crisis that affected the world economy deeply is, of course, the Global Financial Crisis of 2008. This crisis has affected all the countries around the world and its effects are still visible. In this respect, the Turkish Economy was also influenced by this crisis. In this paper, firstly, economic crises were analyzed, and then the global crises were evaluated from the perspective of Turkey.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Mr. Ibrahim Kinal
Date Deposited: 03 Feb 2012 08:23
Last Modified: 24 Feb 2012 15:04

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