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Working Paper

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Turkey -- Economic conditions -- Influence of political reform on, Poland -- Economic conditions -- Influence of political reform on, Europe -- Economic integration -- Evaluation


This paper is about the political economy of policy reform in contemporary Poland and Turkey. It focuses on the period of 1980-97 in Turkey and 1989-97 in Poland during which the economies of these countries underwent significant structural changes and became integrated with global financial markets with the rise of the Warsaw Stock Exchange in 1991 and the Istanbul Stock Exchange in 1986.

The first part of the paper provides an overview of the contending theoretical perspectives on "Phoenix risen" and on how external and domestic economic factors influence domestic political reforms in countries where integration with international financial markets has taken place. In the second part of the paper, these propositions are then assessed against the Polish and Turkish experiences.


Working paper prepared for presentation at the 1997 Annual Meeting of the Midwest Political Science Association in Chicago, IL, April 10-12, 1997.

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