The economic policies of reactive states such as Turkey and Greece, both of which have shown limited ability to implement institutional reforms in recent years, have paved the way for deep crises. The crises are devastating for both societies¿ social fabric, but they also open up the opportunity to introduce new economic regimes. They do, however, not always invite changes in dominant paradigms. Despite weak state capacity and deep economic crisis in both cases, substantial reforms were initiated in Turkey whilst an opposite trend prevailed in Greece. Drawing on field research, this book develops a political economy framework that explains reform cycles and post-crisis outcomes in reactive states.

Mustafa Kutlay is Lecturer at the Department of International Politics at City University of London, UK.

Chapter 1: Introduction.- Chapter 2: Reforming the reactive states: A framework for analysis.- Chapter 3:  Political Economy of Turkey (1980-2001).- Chapter 4: Turkish crisis and aftermath (2001-2016).- Chapter 5: Political Economy of Greece (1974-2009).- Chapter 6: Greek crisis and aftermath (2009-2016).- Chapter 7: Towards a comparative political economy of reactive states.- Chapter 8: Conclusion.