Kutlay argues that paradigmatic reforms are the outcomes of complex interactions of a set of factors. A fragile joining up of agency-level and institutional factors makes reform processes intricate, contingent, and context dependent. The chapter revisits the Turkish and Greek political economies and makes the case that the comparative analysis of these two cases is still under-studied in the literature. The concluding chapter also compares three-stage conceptual framework with some major explanations and offer three main propositions. The chapter also discusses avenues for future research that concerns southern European model of capitalism.
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