Turkish Economic Development Since 1820

Episode 398

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What forces have governed Turkey's economic growth over the past two centuries? In this episode we speak with Şevket Pamuk about development in Turkey since 1820. In the late Ottoman period, low barriers to trade, agrarian exports, and European financial control defined the limits of economic expansion, while the transition from Empire to Republic brought more inward-looking policies aimed at protecting domestic industries. From the 1980s until the present, the Turkish government came to embrace the set of policy recommendations now called the Washington Consensus, defined by trade liberalization, privatization, and de-regulation. We discuss key moments during each of these periods, comparing Turkey to other countries around the world. We also discuss broader historical debates about Islam in economic history as well as approaches to the economic as an object of study.

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Contributor Bios
Şevket Pamuk is Professor of Economics and Economic History at the Atatürk Institute for Modern Turkish History and the Department of Economics of Boğaziçi University. He has published extensively on the economic history of the Ottoman Empire, modern Turkey, the Middle East and Europe.
Matthew Ghazarian is a Ph.D. Candidate in Columbia University's Department of Middle Eastern, South Asian, African Studies. His research focuses on the intersections of sectarianism, humanitarianism, and famine in central and eastern Anatolia between 1839 and 1893.

Episode No. 398
Release Date: 17 January 2019
Recording Location: Istanbul
Audio editing by Matthew Ghazarian
Music: "Antikapitalista" and "Bakıyoruz Dünyaya" by Bandista
Additional segments: This podcast contains clips of two previous OHP episodes, "Ottoman Encounters with Global Capital" with Coşkun Tuncer interviewed by Taylan Güngör and Michael Talbot as well as "Men of Capital in Mandate Palestine" with Sherene Seikaly interviewed by Graham Pitts
Images and bibliography courtesy of  Şevket Pamuk and Matthew Ghazarian, cover image courtesy of the Getty's Open Content Program


Select Bibliography

Coşkun Tunçer. Ottoman Encounters with Global Capital. Interview by Taylan Güngör and Michael Talbot. Podcast, August 29, 2016. http://www.ottomanhistorypodcast.com/2016/08/debt.html.

Inalcik, Halil, and Donald Quataert, eds. An Economic and Social History of the Ottoman Empire. Vol. 1. 2 vols. Cambridge University Press, 1997.

Kuran, Timur. “The Absence of the Corporation in Islamic Law: Origins and Persistence.” The American Journal of Comparative Law 53, no. 4 (2005): 785–854.

Owen, Roger. The Middle East in the World Economy, 1800-1914. London: I.B. Tauris, 1993.

Pamuk, Şevket. Monetary History of the Ottoman Empire. Cambridge: Cambridge University Press, 2000.

———. The Ottoman Empire and European Capitalism, 1820-1913: Trade, Investment and Production. Cambridge University Press, 1987.

———. Uneven Centuries: Economic Development in Turkey Since 1820. Princeton, NJ: Princeton University Press, 2019.

Quataert, Donald. “Ottoman Handicrafts and Industry in the Age of European Industrial Hegemony, 1800-1914.” Review (Fernand Braudel Center) 11, no. 2 (April 1, 1988): 169–78. https://doi.org/10.2307/40241091.

Seikaly, Sherene. Men of Capital: Scarcity and Economy in Mandate Palestine. Stanford, CA: Stanford University Press, 2015.

Pamuk, Şevket. Uneven Centuries: Economic Development of Turkey Since 1820. Princeton, NJ and Oxford: Princeton University Press, 2019.

Sherene Siekaly. Men of Capital in Mandate Palestine. Interview by Graham Pitts. Podcast, October 30, 2015. http://www.ottomanhistorypodcast.com/2015/10/capitalism-palestine.html.

Tunçer, Ali Coşkun. Sovereign Debt and International Financial Control: The Middle East and the Balkans, 1870-1914. Houndsmill: Palgrave Macmillan, 2015.


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