The economic policies of reactive states such as Turkey and Greece, both of which have shown limited ability to implement institutional reforms in recent years, have paved the way for deep crises. The crises are devastating for both societies' social fabric, but they also open up the opportunity to introduce new economic regimes. They do, however, not always invite changes in dominant paradigms. Despite weak state capacity and deep economic crisis in both cases, substantial reforms were initiated in Turkey whilst an opposite trend prevailed in Greece. Drawing on field research, this book develops a political economy framework that explains reform cycles and post-crisis outcomes in reactive states.

Provides first systematic comparative account of Greek and Turkish political economies Probes into the dynamics of economic reforms in late-industrialized states with low state capacity Provides detailed analyses of Greek and Turkish case studies Develops a comparative political economy framework that explains reform cycles and post-crisis outcomes in reactive states Explains when and how economic crises lead to paradigmatic reforms in weak states

Autorentext
Mustafa Kutlay is Lecturer at the Department of International Politics at City University of London, UK.

Klappentext
'Students, scholars and analysts of European and Comparative Political Economy will learn a lot from this insightful study.'
**Ziya Öni, Koç University, Turkey**

'Although Greece and Turkey are historically treated as totally different societies and traditional enemies, Kutlay, by focusing on their similarities, reveals a different picture. This book offers an opportunity for paradigmatic transformation.'
**Constantine Dimoulas, Panteion University, Greece**

'Focusing on two outlier cases, Mustafa Kutlay offers an insightful and in-depth account of how successful reforms are initiated and consolidated.'
**Neophytos Loizides, University of Kent, UK**

The economic policies of reactive states such as Turkey and Greece, both of which have shown limited ability to implement institutional reforms in recent years, have paved the way for deep crises. The crises are devastating for both societies' social fabric, but they also open up the opportunity to introduce new economic regimes. The crises, however, do not always invite changes in dominant paradigms. Despite weak state capacity and deep economic crisis in both cases, substantial reforms were initiated in Turkey whilst an opposite trend prevailed in Greece. Drawing on field research, this book develops a political economy framework that explains reform cycles and post-crisis outcomes in reactive states.

Mustafa Kutlay is Lecturer at the Department of International Politics at City University of London, UK.

Inhalt
Chapter 1: Introduction.- Chapter 2: Reforming the reactive states: A framework for analysis.- Chapter 3: Political Economy of Turkey (1980-2001).- Chapter 4: Turkish crisis and aftermath (2001-2016).- Chapter 5: Political Economy of Greece (1974-2009).- Chapter 6: Greek crisis and aftermath (2009-2016).- Chapter 7: Towards a comparative political economy of reactive states.- Chapter 8: Conclusion.

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