Home / 2019 Sprecial Issue of Turkish Economy / FINANCIALIZATION OF GLOBAL CAPITALISM AND STATE IN TURKEY
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FINANCIALIZATION OF GLOBAL CAPITALISM AND STATE IN TURKEY

Abstract
With its historical background especially started in the middle of the 1960s, tendency to decline in profitability ratios among central capitalist countries, after the economic crisis in the 1970s, the countries which adopted more and more capitalism, reactions to falling profitability rates and an unprecedented momentum in the financial process after 1980, which was never seen before set forth index of events that shape today’s World economy. Labor and capital movements gained much more freedom with the revolutions in transportation, technology and communication which started in the 1980s and continued in 1990s and 2000s. With the removal of the obstacles to the capital movement, financial markets have become a common, uninterrupted international market. Financialization, which has become increasingly important as a result of technological and economic developments, has emerged as an important concept in the world economy since the 1990s. This study aims to assess the impact on Turkey of the last twenty years the historical transformation of the main factors that make up the infrastructure of the capitalist system.

Keywords: Financialisation in Turkey, Government Incentives, Neoliberalism, Capitalism, State Debt

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