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Volume 6, Issue 2.
Summer
The study of international debt problems, as in the case of Poland and Jamaica, illustrates well how many ostensibly "economic" crises are, at heart, political ones. Indeed, a strictly economic approach to such matters can often lead to unintended, deleterious consequences for a country. In this article, Dan Grosz analyzes the development and ... read morerepercussions of one such instance - the Turkish debt troubles of the 1970s and early 1980s. He demonstrates that a proper understanding of a nation's financial health requires more than a familiarity with numbers. It requires also a proper sensitivity to basic political and social forces.
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