Economic crisis which has been started in the middle of 2007 and in a short while turned into a global phase, caused a world economy to draw into a serious recession. Despite many economic measures have been taken to tackle with global economic crisis, the impact of the crisis continues because of the character and dimensions of this crisis differ from previous crises. Therefore 2008-2009 Crises, is compared to Great Depression, which is the biggest crisis that the capitalist system was subjected to, and too much emphasis is put on the necessity of an inclusive reform for capitalist system to overcome the crises. Global economic crisis has reawakened the discussions of government to take more roles in economic life and standarisation through social policies. In this framework the objective of this study is discussing whether there is an alternative way of the social market economy against global crises. The results of this study may be summarized as following: i) Global crisis, is important for revealing the lacks of liberal capitalism ii) Liberal capitalism may be reformed with social market economy iii) The countries to be adopted social policy economy are relatively less affected from the crises.
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Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Ulusal
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