..".a fresh and an important contribution ...this book presents an ethnographically rich and conceptually strong account of recent transformations in the educational field and their implications for class relations in Turkey." . Middle East Journal

Middle classes are by definition ambiguous, raising all sorts of paradoxical questions, perceived and real, about their power and place relative to those above and below them in a class-structured society. Focusing on families of the new middle class in Istanbul, the authors of this study address questions about the social construction of middle-class reality in the context of the rapid changes that have come about through recent economic growth in global markets and the global diffusion of information technology. After 1980, Turkey saw a structural transformation from state-owned and managed industry, banking, and media and communications to privatization and open markets. The idea of being middle class and the reality of middle-class practices became open for negotiation and interpretation. This study therefore offers a particularly interesting case study of an emergent global phenomenon known as the transnational middle class, characterized by their location of work in globalizing cities, development of transnational social networks, sumptuary consumption habits, and residences in gated communities. As the authors show, this new middle class associates quality education, followed by property and lifestyle issues, with the concept of a comfortable life.

..".a fresh and an important contribution ...this book presents an ethnographically rich and conceptually strong account of recent transformations in the educational field and their implications for class relations in Turkey." . Middle East Journal

..".the book critically draws attention to a number of key issues that are often taken for granted in the literature on neoliberalism...Co-written by an economist and an anthropologist, Reproducing Classis a refreshing attempt to integrate the analytical perspectives of macroeconomics with the ethnographic traditions of anthropology." . JRAI

Middle classes are by definition ambiguous, raising all sorts of paradoxical questions, perceived and real, about their power and place relative to those above and below them in a class-structured society. Focusing on families of the new middle class in Istanbul, the authors of this study address questions about the social construction of middle-class reality in the context of the rapid changes that have come about through recent economic growth in global markets and the global diffusion of information technology. After 1980, Turkey saw a structural transformation from state-owned and managed industry, banking, and media and communications to privatization and open markets. The idea of being middle class and the reality of middle-class practices became open for negotiation and interpretation. This study therefore offers a particularly interesting case study of an emergent global phenomenon known as the transnational middle class, characterized by their location of work in globalizing cities, development of transnational social networks, sumptuary consumption habits, and residences in gated communities. As the authors show, this new middle class associates quality education, followed by property and lifestyle issues, with the concept of a comfortable life."

This book focuses on borrower default. A probit model is used to estimate the probability of default/rescheduling. In most studies of country risk, political factors are omitted due to data inadequacies and difficulties involved in quantifying a number of qualitative variables. The probit model used in this book incorporates political variables, such as the level of democracy and political instability, in assessing country risk. The model also includes all the relevant economic variables. The empirical results suggest that the level of democracy and political instability are important determinants of country risk.