HKS Affiliated Authors
Ford Foundation Professor of International Political Economy
Excerpt
Excerpt
When Financial Markets Misread Politics. Dani Rodrik, November 10 ,2015, Opinion. "When Turkey’s Justice and Development Party (AKP) defied pundits and pollsters by regaining a parliamentary majority in the country’s general election on November 1, financial markets cheered. The next day, the Istanbul stock exchange rose by more than 5%, and the Turkish lira rallied. Never mind that one would be hard pressed to find anyone in business or financial circles these days with a nice thing to say about Recep Tayyip Erdoğan or the AKP that he led before ascending to the presidency in 2014. And make no mistake: Though Turkey’s president..." Link