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Narration of Financial Crisis in Turkish Media

Year 2023, , 117 - 148, 31.12.2023
https://doi.org/10.53495/e-kiad.1386452

Abstract

Türkiye has been struggling with a serious financial crisis which led to the Turkish currency(TRY) losing about 30% of its value against the US dollar, the rising of inflation, and borrowing costs since the first quarter of 2018. The public understanding of these developments concerning a large number of people who are apart from the terms of economics, comes from a variety of narratives that involve simple cause-effect relationships. These narratives are mostly constructed and circulated by mass media by using various frames. The frames chosen by the media to portray the crisis affect the public’s perception and attitude. In the scope of these problems, this paper aims to reveal and analyze the dominant media narratives about the currency crisis of 2018 in TÜrkiye. For this aim, two opposite-wing newspapers’ websites, Sabah and Sözcü, are chosen and their news about the currency crisis from two different weeks are analyzed. Thematic content analysis and narrative analysis are used to reveal the dominant frames and interpret them. According to the results of the research, both newspapers construct narratives that focus on behaviors that do not bring structural criticism to the neo-liberal global order. However, the focus of the two newspapers as responsible for the crisis and the solution narratives they offer are different from each other.

References

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Narration of Financial Crisis in Turkish Media

Year 2023, , 117 - 148, 31.12.2023
https://doi.org/10.53495/e-kiad.1386452

Abstract

Türkiye, 2018 yılının ilk çeyreğinden bu yana Türk parasının (lira) ABD doları karşısında yaklaşık %30 değer kaybetmesine, enflasyonun ve borçlanma maliyetlerinin yükselmesine neden olan ciddi bir finansal krizle mücadele etmektedir. Ekonomi terimlerinin dışında kalan çok sayıda insanı ilgilendiren bu gelişmelerin kamuoyu tarafından anlaşılması, basit neden-sonuç ilişkilerini içeren çeşitli anlatılardan kaynaklanmaktadır. Bu anlatılar çoğunlukla kitle iletişim araçları tarafından çeşitli çerçeveler kullanılarak inşa edilmekte ve dolaşıma sokulmaktadır. Medyanın krizi tasvir etmek için seçtiği çerçeveler, kamuoyunun algısını ve tutumunu etkilemektedir. Bu sorunlar kapsamında, bu çalışma Türkiye'de 2018 yılında yaşanan döviz krizine ilişkin hâkim medya anlatılarını ortaya çıkarmayı ve analiz etmeyi amaçlamaktadır. Bu amaçla, Sabah ve Sözcü gazetelerinin internet siteleri seçilmiş ve iki farklı haftaya ait döviz kriziyle ilgili haberleri incelenmiştir. Baskın çerçevelerin ortaya çıkarılması ve yorumlanması için tematik içerik analizi ve söylem analizi kullanılmıştır. Araştırma sonucuna göre, iki gazetede neoliberal küresel düzene yapısal eleştiri getirmeyen davranışlara odaklanan anlatılar inşa etmektedir. Ancak iki gazetenin krizin sorumlusu olarak gösterdiği odaklar ve sundukları çözüm anlatıları birbirinden farklıdır.

References

  • Abbott, H. P. (2002). The Cambridge Introduction to Narrative. Cambridge: Cambridge University Press.
  • Akçay, Ü. (2018). Neoliberal Populism in Turkey and Its Crisis. Institute for International Political Economy Berlin. Retrieved from https://www.ipe-berlin.org/fileadmin/institut-ipe/Dokumente/Working_Papers/IPE_WP_100.pdf Akcay, Ü. & Güngen, A. R.(2019). The making of Turkey's 2018-2019 economic crisis. IPE Working Papers 120/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  • Almeida, P. (2019). Social Movements: The Structure of Collective Mobilization (1st ed.). University of California Press. https://doi.org/10.2307/j.ctvd1c7d7
  • Becker, E. (2016). Knowledge Capture in Financial Regulation, Data-, Information- and Knowledge-Asymmetries in the US Financial Crisis. Springer .
  • Bell, A. (1991). The Language of News Media. Oxford: Blackwell.
  • Benford, R. D., & Snow, D. A. (2000). Framing processes and social movements: An overview and assessment. Annual Review of Sociology(26), s. 611-639.
  • Boratav, K. (2019). Sermaye Hareketleri ve Türkiye’nin Beş Krizi. Çalışma ve Toplum(60), s. 311-324.
  • Brinke, K. (2013, 09 04). The Turkish 2000-01 banking crisis. RaboResearch - Economic Research Retrieved from https://economics.rabobank.com/publications/2013/september/the-turkish-2000-01-banking-crisis/ (Accessed: 15 September 2019).
  • Bruner, J. (1990). Acts of Meaning. Massachusettes: Harvard University Press.
  • Cagaptay, S. (2002). The November 2002 Elections and Turkey's New Political Era. In: MERIA: Middle East Review of International Affairs, 6, 2002, 4, 42-48.
  • Entman, R. M. (1993). Framing: Toward clarification of a fractured paradigm. Journal of Communication, 43(4), s. 51-58.
  • Franczak, K. (2015). Between Diagnosis and Prognosis: ‘Media Instruction Manuals’ on Economic Crisis. S. Leonzi, G. Ciofalo, & A. D. Stefano (Ed.) Power and Communication. Media, Politics and Institutions in Times of Crisis (s. 117-131). Cambridge: Cambridge Scholars Publishing.
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  • Gamson, W. a. (1995). Constructing Social Protest. Johnston H .and Klandermans, B. (Ed.) içinde, Social Movements and Culture (s. 85-106). Minneapolis: University of Minnesora Press.
  • Karluk, R., & Küçüksakarya, S. (2016). Pening up the Economy of Turkey to the Outside World: The Stabilization Decisions of January 24th 1980, Economic Situation in pre and Post January 24th Period. Chinese Business Review, 15(6), s. 265-281 . doi:10.17265/1537-1506/2016.06.001 Langer, J. (1992). Truly Awful News on Television. P. Dahlgren, & C. Sparks (Ed.) içinde, Journalism and Popular Culture (s. 113-129). London: Sage.
  • Laszlo, J. (2008). The Science of Stories, An Introduction to Narrative Psychology. New York: Routledge. Levitin, A. J. (2009). The Crisis Without a Face: Emerging Narratives of the Financial Crisis. University of Miami Law Review, 63(4), s. 999-1010.
  • Loseke, D. R. (2010). Thinking about Social Problems: An Introduction to Constructionist Perspectives. New Jersey: Transaction Publishers.
  • Louw, E. (2014). The Media and Cultural Production. London: Sage Publications.
  • Polkinghorne, D. E. (1995). Narrative Configuration in Qualitative Analysis. J. Hatch, & R. Wisniewski (Ed). Life History and Narrative (s. 5-23). London: Taylor & Francis e-Library.
  • Randall, W. L. (1999). Bizi 'Biz' Yapan Hikayeler, Kendimizi Yaratma Üzerine Bir Deneme. İstanbul: Ayrıntı.
  • Ryan, M. -L. (2006). Avatars of Story. Minneapolis: University of Minnesota Press
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  • Schiller, R. J. (2019). Narrative Economics: How Stories Go Viral and Drive Major Economic Events. Princeton: Princeton University Press.
  • Temple, L., Grasso, M. T., Buraczynska, B., Karampampas, S., & English, P. (2016). Neoliberal Narrative in Times of Economic Crisis: A Political Claims Analysis of the U.K. Press, 2007‐14. Politics & Policy, 44(3), s. 553-576.
  • Thompson, J. B. (1995). Media and Modernity: A Social Theory of the Media. Stanford, CA : Stanford University Press.
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  • Bakan Kurtulmuş: Kur krizi terimi algı operasyonudur. (2018, May 25). Sabah. Retrieved from https://www.sabah.com.tr/ekonomi/2018/05/25/bakan-kurtulmus-kur-krizi-terimi-algi-operasyonudur (Accessed: October 12, 2019)
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There are 64 citations in total.

Details

Primary Language English
Subjects Journalism, Communication Studies
Journal Section İnceleme Makalesi
Authors

Aslı Tosuner 0000-0002-7005-6013

Early Pub Date January 2, 2024
Publication Date December 31, 2023
Submission Date November 5, 2023
Acceptance Date December 25, 2023
Published in Issue Year 2023

Cite

APA Tosuner, A. (2023). Narration of Financial Crisis in Turkish Media. Karadeniz Teknik Üniversitesi İletişim Araştırmaları Dergisi, 13(2), 117-148. https://doi.org/10.53495/e-kiad.1386452