Mahfi Eğilmez's Evaluation of Cronyism and Economic Order

Serdar HocamAuthor & Editor

Economist Mahfi Eğilmez examined the effects of political connections and cronyism on market competition and the distribution of economic resources.

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Mahfi Eğilmez yazdı: Ahbap-çavuş ilişkileri ekonomik düzeni nasıl şekillendiriyor?

Economist Mahfi Eğilmez evaluated the effects of cronyism on market competition by addressing the link between political relations and the sharing of economic resources. Eğilmez stated that the political and economic structures of countries cannot be explained by a single category.

Economist Mahfi Eğilmez addressed the impact of political structures on economic systems, pointing out that cronyism can be decisive in public administration and market relations. He stated that the concepts of crony democracy in the political sphere and crony capitalism in the economic sphere refer to certain individuals and groups obtaining privileges thanks to their connections. Emphasizing that defining economic systems solely with concepts such as capitalism or socialism is not sufficient, this approach indicates that how power is shaped and to whom economic resources are transferred carry importance.

When evaluating the economic structure of countries, the way public power is used gains importance alongside the roles of the state and the market. Whether resources are distributed according to general and equal rules or whether privileges are granted to certain individuals and groups can directly affect access to economic opportunities. The impact of political relations on economic decisions can alter the conditions of market competition.

Sources

  • ekonomim.com · Link