Turkey and the Economics of Coups

The recent failed coup attempt has thrown Turkey into new depths of instability and uncertainty. The government has declared a state of national emergency and has suspended the European Convention of Human Rights. In the wake of the coup attempt, a massive purge is ongoing, with unprecedented detentions and dismissals of members from all spheres of society. Turkey’s deputy prime minister has tried to reassure foreign companies and investors that the state of emergency won’t affect business, but alarm bells are nonetheless ringing at company headquarters and foreign ministries around the globe.

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