On November 22nd Thursday, at Potsdam University, Dr. Ali Rıza Güngen, and Assoc. Prof. Ümit Akçay discussed “Turkey’s Financial Transformation: A Political Economic Analysis of Recent Developments” as part of “Democracy and Citizenship at Risk”—Off-University online lecture.
In their lecture, Dr. Ali Rıza Güngen, connected from Turkey, and Assoc. Prof. Ümit Akçay, presented in the class, held the discussion by dividing the financial transformation in Turkey in four chapters:
1) Framing the crisis in Turkey — Crisis of “dependent financialization”;
2) International Dynamics — Third wave of the global financial crisis;
3) Post-2013 period—Three bottlenecks in five years;
4) Current Developments—The worst is yet to come.
