This section comprises of papers presented in sessions hosted or jointly organized by IDEAS at the ERC/METU International Conference in Economics VI, held in Ankara, Turkey from September 11-14, 2002.

The papers are in PDF Format.

The Recent Crisis of the Argentine Economy: Some Elements and Background
Arturo O'Connell (University of Buenos Aires, Argentina) (Size : 422 Kb, App. Download Time : 5 mins @ 28 kbps)

The Argentine crisis has led to increases in both unemployment and prices with the consequence that many don't have enough income to adequately feed themselves in a country that is still among the major food exporters in the world.


Patterns of Financial Capital Flows and Accumulation in the Post – 1990 Turkish Economy (Size : 882Kb, App. Download Time : 9 mins @ 28 kbps)
Erol Balkan (Hamilton College, USA), Gul Bicer (Bilkent University) & Erinc Yeldan (Bilkent University)

This paper investigates the determinants of short-term foreign capital inflows for Turkey following its capital account liberalization in 1989 and finds that financial capital inflows have a significant negative correlation with the industrial production index, and are positively correlated with real currency appreciation and trade openness.

Finance and the Real Economy: The Global Conjuncture
C.P. Chandrasekhar (Jawaharlal Nehru University, India) (Size : 370 Kb, App. Download Time : 4 mins @ 28 kbps)

This paper is concerned with investigating the nature of the role that finance has come to play, examining the links between finance and the real economy and assessing the implications for economic performance in the current global conjuncture dominated by finance capital.

East Asia: From Miracle to Debacle and Beyond?
Jomo K. Sundaram (University of Malaya, Malaysia) (Size : 161 Kb, App. Download Time :2 mins @ 28 kbps)

In this paper Jomo K. Sundaram reviews the causes of the crises in East and Southeast Asia. Greater the role of capital markets, more was the vulnerability. The role of the IMF and financial market expectations in exacerbating the crises is also considered.

The Making of the Turkish Financial Crisis (Size : 181 Kb, App. Download Time : 3 mins @ 28 kbps)
Yylmaz Akyuz (UNCTAD) & Korkut Boratav (Ankara University)

While the Turkish economy was in need of an urgent stabilization at the turn of the century, the stabilization program formulated and launched with strong support from the IMF failed to deliver its promises, plunging the economy into an unprecedented crisis.

Imperialist Globalisation and the Political Economy of South Asia
Jayati Ghosh (Jawaharlal Nehru University) (Size : 121 Kb, App. Download Time : 2 mins @ 28 kbps)

While the South Asian region is now regarded as a region of relative economic success, the process of global capitalist integration in South Asia has entailed greater material and social insecurity among most of the population. The region also holds geopolitical significance for the imperialist core, particularly the US. The structural contradictions of current capitalism are thus expressed in this region, through both economic and social-political instability.

October 31, 2002.