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Tough Love For Turkey.(Turkey's relationship with United States and International Monetary...

By SCHAEFER, BRETT D.
Publication: The International Economy
Date: Tuesday, May 1 2001

Reform, not another IMF bailout, will stabilize Turkey's economy.

The Turkish economic crisis is the first international economic challenge to confront the Bush administration. Turkey plays a pivotal role in advancing U.S. policy goals in the Middle East, Europe, and Eurasia. America therefore cannot neglect Turkey and should help it achieve economic stability. The administration must not, however, perpetuate the Clinton administration's disastrous policy of insuring developing countries and international investors against their own imprudent actions--a policy that res

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