ULUSLARARASI SERMAYE HAREKETLİLİĞİ ALTINDA POLİTİKA KARIŞIMLARI VE PARTİZAN IRAKSAMALAR

Year 2011, Issue: 2, 148 - 155, 10.04.2012

Sinem Kutlu

Abstract

ÖZET

Bretton Woods sisteminin çöküşü ile birlikte sermaye hareketlerinin serbestleşmesi

uluslararası ekonomik sistem açısından yeni bir dönemin başlamasına sebep

olmuştur. Bu çerçevede, uluslararası sermaye hareketliliğinin iktisat politikalarının

belirlenmesinde oynadığı rol de giderek önem kazanmıştır. Finansal piyasalarda

görülen liberalleşmenin ülkeler arası farklılıkları ortadan kaldırarak iktisat politikalarında

yakınsamaya yol açması ve iç politika otonomisini sınırlaması beklenen

bir durumdur. Ancak dış politika yakınsaması üzerine yapılan teorik ve ampirik çalışmalar,

dış politika ıraksaması ya da iç politika otonomisini destekler nitelikteki

bulguların daha güçlü olduğuna işaret etmektedir. Bu çalışmada, uluslararası sermaye

hareketliliği altında politika karışımlarının nasıl belirlendiği üzerinde durularak

hükümetlerin para ve maliye politikası tercihlerinin, politika ıraksamalarına

yol açabildiği hususu, David H. Bearce'ın teorik yaklaşımı çerçevesinde açıklanmaya

çalışılmaktadır. Bu bağlamda, politika ıraksamalarında partizan-ideolojik faktörlerin

rolü üzerinde durularak konuya ilişkin teorik bir inceleme yapılması amaçlanmaktadır.

Anahtar Kelimeler: Uluslararası sermaye hareketliliği, politika karışımları,

hükümet partizanlığı, politika ıraksaması.

POLICY MIXES AND PARTISAN DIVERGENCES UNDER

INTERNATIONAL CAPITAL MOBILITY

ABSTRACT

The collapse of the Bretton Woods system and liberalization of capital movements

have led to begin a new era for international economic system. In this respect,

the role of international capital mobility on the determination of economic

policies has increasingly gained importance. It is expected that liberalization in financial

markets leads to convergence in economic policies by removing intercountry

differences and limits domestic policy autonomy. However, the theoretical

and empirical studies on external policy convergence indicate that the evidence on

external policy divergence or domestic policy autonomy is much stronger. In this

study, we concentrate on how the policy mixes are determined under international

capital mobility and try to explain within David H. Bearce's theoretical approach

how the monetary and fiscal policy choices of governments result in policy divergences.

In this context, we aim to make a theoretical review by clarifying the role of

partisan-ideological factors on policy divergences.

Keywords: International capital mobility, policy mixes, government partisanship,

policy divergence.

Keywords

Uluslararası sermaye hareketliliği, politika karışımları, hükümet partizanlığı, politika ıraksaması

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