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Title: A political economy of electricity and housing provision in Turkey : financialisation and change
Author: Unsal, Ezgi Berfin
ISNI:       0000 0004 7655 9169
Awarding Body: SOAS University of London
Current Institution: SOAS, University of London
Date of Award: 2018
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This thesis provides a political economy of electricity and housing provision in Turkey since the early 1980s. It discusses how the organisational relations in and around these sectors have changed over time towards market-based forms of provisioning. Focusing on the increasing scope and depth of commodity relations, it further investigates how this process contributes to financialisation defined as the increasing presence of interest-bearing capital. It argues that commodification of electricity and housing contribute to the restructuring of interest-bearing capital; first, by expanding the base for realisation of existing circuits, which might take place through credit expansion to new members of the society, and second, through creation of new circuits due to relative ease of capitalisation where there are regular payments. In line with its specific stage of development, financialised accumulation in Turkey has followed a different path than developed economies, which inform the majority of discussions on financialisation often around the destabilising impacts on production, growth and distribution. Focusing not solely on such impacts, but on the process of transformation itself, the thesis provides an empirical study conducted in electricity and housing provision systems in Turkey, in line with the systems of provision approach to the social reproduction of the labour force. It finds that the commodification of electricity and housing have negative impacts on social reproduction, which went hand-in-hand with the improvements in productive capacity and industrial investment, reflecting a broader capital restructuring from lowtechnology labour-intensive sectors towards higher-technology capital-intensive sectors in Turkey. The inter-sectoral linkages between the construction and energy firms were both facilitated by, and conducive to these developments. These findings contribute to the literature on political economy and financialisation of social provision by confirming that the analysis of provision systems is context-specific and the focus needs to be analytically situated on the entirety of organisational relations, also incorporating the non-economic elements.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral