Researcher:
Öniş, Ziya

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Ziya

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Öniş

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Öniş, Ziya
Öniş, Şakir Ziya

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    Emerging partnership in a post-western world? the political economy of China-Turkey relations
    (Routledge Journals, Taylor & Francis Ltd, 2021) N/A; Department of International Relations; N/A; Öniş, Ziya; Yalikun, Maimaiti; Faculty Member; PhD Student; Department of International Relations; College of Administrative Sciences and Economics; Graduate School of Social Sciences and Humanities; 7715; N/A
    The present paper aims to explain the newly found momentum in the China-Turkey relationship over the course of the past decade. Attention is given to two interlocking processes involving global dynamics and domestic politics in Turkey in a rapidly shifting international context. At the global level, significant power shifts away from the West and the growing global reach and assertiveness of China during the Xi Jinping era have played an important role. At the domestic level, profound power shifts and attempts to consolidate a new and yet fragile political-economic model associated with a highly centralized and authoritarian presidential system have emerged as crucial factors. Our central point is that the China-Turkey partnership embodies an important political dimension that goes beyond a narrow economic partnership. Given the inherently political nature of the relationship, the future path of the China-Turkey partnership will depend crucially on Turkey's domestic political trajectory over the next decade.
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    Beyond the global financial crisis: structural continuities as impediments to a sustainable recovery
    (Center for Foreign Policy and Peace Research, Ihsan Dogramaci Peace Foundation, 2012) N/A; Department of International Relations; N/A; Öniş, Ziya; Kutlay, Mustafa; Faculty Member; PhD Student; Department of International Relations; College of Administrative Sciences and Economics; Graduate School of Social Sciences and Humanities; 7715; N/A
    There has scarcely been a day in the last three years when we have not read depressing headlines in the newspapers about the global economic crisis. The current turmoil, which many experts concur in seeing as the worst jolt to the world economy since the Great Depression, is pushing the parameters of the established system to its limits. One could say that we see, in the short-term measures taken against the crisis at the time, an effective anti-crisis strategy. But ironically, the promptness with which these short-term measures were enacted prevented adequate questioning of the dominant paradigm which had caused the crisis. As a result, the structural problems leading to the crisis were not reduced. Despite the occurrence of the deepest economic crisis to be experienced since the Great Depression, the present economic emergency did not shake the neoclassical economic paradigm as strongly as was needed. A puzzle that this study aims to solve arises here: Why and how has the conventional wisdom survived and reproduced its intellectual hegemony even after the "most devastating economic crisis" since the Great Depression?.
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    Rethinking the emerging post-washington consensus
    (Wiley, 2005) Senses, F.; Department of International Relations; Öniş, Ziya; Faculty Member; Department of International Relations; College of Administrative Sciences and Economics; 7715
    The objective of this article is to provide a critical assessment of the emerging Post-Washington Consensus (PWC), as the new influential vision in the development debate. The authors begin by tracing the main record of the Washington Consensus, the set of neoliberal economic policies propagated largely by key Bretton Woods institutions like the World Bank and the IMF, that penetrated into the economic policy agendas of many developing countries from the late 1970s onwards. They then outline the main tenets of the PWC, emerging from the shortcomings of that record and the reaction it created in the political realm. The authors accept that the PWC, in so far as it influences the actual practice of key Bretton Woods institutions, provides an improvement over the Washington Consensus. Yet, at the same time, they draw attention to the failure of the PWC, as reflected in current policy practice, to provide a sufficiently broad framework for dealing with key and pressing development issues such as income distribution, poverty and self-sustained growth.
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    The regulatory state and Turkish banking reforms in the age of Post-Washington consensus
    (Wiley, 2010) Department of International Relations; Department of International Relations; Bakır, Caner; Öniş, Ziya; Faculty Member; Faculty Member; Department of International Relations; College of Administrative Sciences and Economics; College of Administrative Sciences and Economics; 108141; 7715
    The new era of the Post-Washington Consensus (PWC), promoted under the auspices of International Financial Institutions such as the International Monetary Fund and the World Bank, centres on the need to develop sound financial regulation and strong regulatory institutions, especially in the realm of banking and finance in post-financial crisis developing countries. This article uses an examination of the Turkish banking sector experience with the PWC in the aftermath of the 2001 financial crisis to show its considerable strengths and weaknesses. The authors argue that the emergent regulatory state in the bank-based financial system has a narrow focus on strengthening prudential regulation, whilst ignoring the increased 'financialization' of the Turkish economy. They identify the positive features of the new era of the PWC in terms of prudential regulation, which has become much more robust in its ability to withstand external shocks. At the same time, however, the article highlights some of the limitations of the new era which resemble the limitations of the PWC. These include the distributional impact of the regulatory reforms within the banking sector, and notably the emergence of foreign banks as the major beneficiaries of this process; weaknesses in promoting productive bank intermediation that finance the real economy and economic growth, leading to poverty reduction via growth of employment whilst stimulating financialization within the economy; and finally, the exclusive focus on prudential regulation, whilst ignoring regulatory costs, consumer protection and competition regulation.
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    Financial globalization, the democratic deficit, and recurrent crises in emerging markets: the Turkish experience in the aftermath of capital account liberalization
    (Taylor and Francis, 2003) Alper, C. Emre; Department of International Relations; Öniş, Ziya; Faculty Member; Department of International Relations; College of Administrative Sciences and Economics; 7715
    Financial globalization offers both risks and benefits for countries of the semi-periphery or "emerging markets." Politics within the national space matters, yet acquires a new meaning, in the age of financial globalization. "Weak democracies" are characterized by limited accountability and transparency of the state and other key political institutions. Such democracies tend to suffer from populist cycles, which result in a low capacity to carry out economic reform. Financial globalization, in turn, magnifies populist cycles and renders their consequences more severe. Hence, "weak democracies" are confronted with the predominantly negative side of financial globalization, which includes overdependence on short-term capital flows, speculative attacks, and recurrent financial crises leading to slow growth and a more regressive income distributional profile. The relevance of these sets of propositions are illustrated with reference to the case of Turkey, which, indeed, experienced recurrent financial crises in the post-capital account liberalization era, with costly consequences for the real economy. Two general conclusions follow. First, there is a need to strengthen democracy in the developing world. Second, since this is hard to accomplish over a short period of time, serious questions are raised concerning the desirability of early exposure to financial globalization given the current state of the world.
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    Greek-Turkish relations and the European Union: a critical perspective
    (Taylor and Francis, 2001) N/A; Department of International Relations; Öniş, Ziya; Faculty Member; Department of International Relations; College of Administrative Sciences and Economics; 7715
    The article seeks to place Turkish and Greek relations with the European Union in historical perspective. A certain dose of realism is introduced to the debate concerning the future of Greek-Turkish-EU relations following the initial wave of optimism generated by the Helsinki summit. The highly entrenched positions held by key actors in the domestic politics of the two Aegean countries constitute formidable barriers to progress. The asymmetry caused by Greece's early incorporation into the EU as a full member continues to pose a major obstacle to the resolution of long-standing tensions between the two countries in such key spheres as the Aegean Sea and the Cyprus disputes.
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    Sharing power: Turkey's democratization challenge in the age of the AKP hegemony
    (SETA, 2013) N/A; Department of International Relations; Öniş, Ziya; Faculty Member; Department of International Relations; College of Administrative Sciences and Economics; 7715
    After a major wave of democratization over the last decade, the stalemate in Turkey's reform process and the rising concerns about 'creeping authoritarianism' under the ruling AKP government attracted the attention of many scholars. How could Turkey manage to achieve substantial progress in democratization over the last ten years and why has the current government lost its reformist spirit? This article seeks to answer these questions by developing a multi-dimensional, holistic approach that tries to integrate structures and actors, domestic and external forces, rather than single-mindedly focusing on certain aspects whilst downplaying other crucial elements.
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    Liberal democracy on the edge? anxieties in a shifting global (dis) order
    (Sage Publications Inc) Kutlay, Mustafa; Department of International Relations; Öniş, Ziya; Faculty Member; Department of International Relations; College of Administrative Sciences and Economics; 7715
    The future of liberal democracy appears to be uncertain. This article develops a holistic approach to examine the prospects of liberal democracy by focusing on how three main regime types-that is, "established democratic regimes," "hybrid regimes," and "established authoritarian regimes"-interact with each other. We argue structural global political economy trends, which largely created the current authoritarian populist tide, remain strong despite signs of democratic renewal emerged with the recent new green Keynesian turn in established Western democracies, a more unified transatlantic response to the Russian invasion of Ukraine and growing political-economic fragility of key hybrid regimes ruled by authoritarian populist leaders. Also, the resilience of various types of autocracies which co-exist and reinforce one another through economic linkages and political coalitions should not be underestimated, especially demonstrative effects of the Russia-China partnership. Both democratic and authoritarian forms of capitalism face serious problems of income and wealth inequality, raising challenges over "performance legitimacy" in both regime types. In this context, the performance and political-economic orientation of hybrid regimes will have a crucial bearing on the fortunes of liberal democracy on a global scale.
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    Küresel kriz ve hâkim paradigmanın yeniden üretimi: fikirler-çıkarlar ekseninde bir inceleme
    (İletişim Yayınları, 2012) N/A; Department of International Relations; N/A; Öniş, Ziya; Kutlay, Mustafa; Faculty Member; PhD Student; Department of International Relations; College of Administrative Sciences and Economics; Graduate School of Social Sciences and Humanities; 7715; N/A
    The current turmoil, which many experts concur in seeing as the worst jolt to the world economy since the Great Depression, turns into an interesting case that shows the deterioration and reconsolidation of the dominant neoliberal paradigm. One could say that we see, in the short-term measures taken against the crisis at the time, an effective anti-crisis strategy. But ironically, the promptness with which these short-term measures were enacted prevented adequate questioning of the dominant paradigm which had caused the crisis like financialization. As a result, the structural problems leading to the crisis were not reduced. Despite the occurrence of the deepest economic crisis to be experienced since the Great Depression, the present economic emergency did not shake the neoliberal economic paradigm as strongly as was needed. A puzzle that this study aims to solve arises here: Why and how has the conventional wisdom survived and reproduced its intellectual hegemony even after the “most devastating economic crisis” since the Great Depression? This article by putting emphasis on the joint impact of interests and ideas aims to explain the mechanisms through which the conventional wisdom reproduced itself. / Özet: Büyük Bunalım’dan bu yana yaşanan en derin ekonomik sarsıntı olduğu konusunda pek çok uzmanın görüş birliğinde olduğu 2007/2008 ekonomik krizi hâkim iktisat paradigmasının sarsılması ve yeniden üretilmesi açısından öğretici bir deneyim ortaya koymuştur. Krizin yoğun bir şekilde hissedildiği ilk aşamada “alternatif çözüm önerileri” üzerine odaklanan tartışmalar, ilerleyen dönemde yerini bilindik politika önerilerine bırakmış, ilk andaki reformcu ruh etkisini yitirerek klasik bürokratik mücadele uluslararası platformların ana gündem maddesine dönüşmüştür. Bu nedenle, küresel krize neden olan başta finansallaşma olmak üzere bir dizi yapısal sorunun ortadan kaldırılmasını mümkün kılacak alternatif yaklaşımlar hâkim paradigmanın gölgesinde kalarak hayat imkânı bulamamıştır. Peki, niçin 2007/2008 ekonomik krizi, tüm yoğunluğuna rağmen, hâkim siyasi iktisat paradigmasını yeterince sarsamamıştır? Bu çalışma, hâkim paradigmanın kendisini nasıl yeniden ürettiğini açıklamakta, bu bağlamda fikirler ve çıkarlar ekseninde kavramsal bir çerçeve denemesinde bulunmaktadır. 
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    Temporary star or emerging tiger? Turkey's recent economic performance in a global setting
    (Nova Science Publishers, Inc, 2010) N/A; Department of International Relations; N/A; Öniş, Ziya; Bayram, İsmail Emre; Faculty Member; Master Student; Department of International Relations; College of Administrative Sciences and Economics; Graduate School of Business; 7715; N/A
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