Bilkent University Library is very pleased to invite you to attend the first Library Lunchtime Lecture of this semester!
Title: Pictures from an Economist’s Exhibition: Reflections on the Global and Turkish Economy
Speaker: Prof. Erinç Yeldan, Department of Economics, Bilkent University
Date: Wednesday, 21 October 2015.
Time: 12:40-1:30 p.m.
“1980” is regarded as a critical turning point for the global economy. According to David Harvey, capitalism has been operating under a different structure since the 1980s. A crucial determinant of this “new structure” is known to be the ascendancy of finance over industry, and the overall financialization of the global system. Turkey — being part of this global entity as a peripheral (late) capitalist economy — has also been subject to these dynamics. We observe, in general, that the Turkish growth path has been following an excessively volatile and declining trend. An important characteristic of the Turkish growth pattern has been its speculative-led character, with a structural over-dependence of economic activities on the inflows of (short-term) foreign finance. The rising current account (foreign) deficit, low productivity gains with increased fragmentation and duality of the labor markets, and excessive foreign debt accumulation are all different facets of this process.
The lecture will be in English.
Lunchtime refreshments will be supplied!