ABSTRACT

Economy of Turkey has long been struggling against a structural crisis. Instead of the volatility in some basic macroeconomic indicators, this structural crisis has been directly emanating from the mode of articulation of the Turkish economy into World Capitalism. For about a year, the inevitable tendencies of this structural crisis have revealed themselves. The adverse developments in some structural variables point to the fact that this structural crisis is also a crisis in capital accumulation. Profit squeeze and increasing structural unemployment are few of them