The period of Turkish history from the foundation of the Republic
in 1923 to the depression in 1929 was characterised by a minimum of
state intervention in the economy. This book, which illuminates the
ways in which the forces of world capitalism acted upon and
structured the peripheral formation of the Turkish economy in this
period, provides a clear case study in the relationship of
dependent economies to the capitalist world-system. Professor
Keyder emphasises the importance, as mechanisms in the maintenance
of existing economic relations, of two networks: that of trade,
connecting producers with external markets; and that of credit,
through which a dependency between foreign suppliers of funds and
local users was established. This important contribution to the
theoretical analysis of economic dependency will interest
historians, economists and sociologists studying both historical
and contemporary forms of economic peripheralisation.
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