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Neo-Liberalism, IMF, Turkey


Since the late 1970s, many developing countries have been faced with difficulties due to their adoption of neo-liberal policies through agreements with World Bank and IMF. Especially due to the Structural Adjustment Programs and the conditions imposed by these Institutions on developing countries, the development process of these countries has been fraught with problems. Many of these countries faced severe economic crises, causing them to rely more heavily on the intervention of international institutions, thus becoming more engaged with neo-liberalism. As seen in Turkey, for example, engagement with these institutions generally resulted in a crisis; the burdens of the crises generally fell on the public sector. This paper discusses why and how neo-liberalism affects developing countries by examining Turkey's experiences with neo-liberalism.

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