Responding to Financial Crisis with or Without IMF : A comparative analysis of state – capital relations Galip Yalman

There is need to transcend the stereotype of duality in the state/ market or the state/society relation.  Taking the case of several developing countries affected by financial crisis during the 1990s, the paper argues that autonomy of the capitalist state in the sense of the state being the locus of a coherent and rational policy external to the capital does not hold.  Rather to account for the state as a key agent of social transformation which has itself been transformed as part of the changing social relations, it is essential to focus on the relations between the state and the capital groups.

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