This seminar aims to introduce the concept of populism in economics in terms of its causes (i.e., globalization, income inequality, financial crisis), its mechanism of execution in economics by the populists (i.e., macroeconomics and institutions of populism), and its consequences. The economic argument for populism is straightforward: poor economic performance feeds dissatisfaction with the status quo. It fosters support for populist alternatives when that poor performance occurs on the watch of mainstream parties. Rising inequality augments the ranks of the left behind, fanning dissatisfaction with economic management. Declining social mobility and a dearth of alternatives reinforce the sense of hopelessness and exclusion. However, unlike the argument they use when they are in opposition, in power, by denying and undermining professional and autonomous institutions, discrediting science and scientific knowledge, and rejecting resource constraints in economics, populists would give even more harm to the people they promised to help.
Lecturer Professor Ibrahim Ozturk is a visiting fellow at the University of Duisburg-Essen since 2017. He is studying developmental, institutional, and international economics. His research focuses on the Japanese, Turkish, and Chinese economies. Currently, he is working on emerging hybrid governance models and the rise of populism in the Emerging Market Economies. As a part of that interest, he studies the institutional quality of China’s Modern Silk Road Project /The Belt and Road Initiative (BRI), its governance model, and implications for the global system. He also teaches courses on business and entrepreneurship in the Emerging Market Economies, such as BRICS/MINT countries. Ozturk’s Ph.D. thesis is on the rise and decline of Japan’s developmental institutions in the post-Second WWII era. Dr. Ozturk has worked at different public and private universities as both a part-time and full-time lecturer/researcher between 1992-2016 in Istanbul, Turkey. In 1998, he worked as a visiting fellow at Keio University, in Tokyo, and again in 2003 at Tokyo University. He’s also been a visiting fellow at JETRO/AJIKEN (2004); at North American University, in Houston, Texas (2014-2015); and in Duisburg/Germany at the University of Duisburg-Essen (2017-2020). Dr. Ozturk is one of the founders of the Istanbul Japan Research Association (2003-2013) and the Asian Studies Center of Bosporus University (2010-2013). He has served as a consultant to business associations and companies for many years. He has also been a columnist and TV-commentator. Dr. Ozturk’s native language is Turkish; he is fluent in English, intermediate in German, and lower-intermediate in Japanese.
Moderator Dr Dusan Spasojevic is an associate professor at the Faculty of Political Sciences, University of Belgrade. His main fields of interest are political parties, civil society, populism and the post-communist democratization process. Spasojević is a member of the steering board of the Center for Research, Transparency and Accountability (CRTA) and the editor of Political Perspectives, scientific journal published by FPS Belgrade and Zagreb.