Economic implications of February 28 process

Military intervention, not only a specific event to this geography but also concerning different countries and nations of the world, can be defined as a process of delaying the humanity's enlightenment by disrupting occasionally the natural flow of the history. It is seen at a higher rate underdeveloped and developing countries compared to developed countries. The most important effect of February 28 reflected in Turkey's economy is over the financial sector. On the other hand, the uncertainty formed by political instability and the absence of effective management increased the public imbalance. The increase in interest rates in one hand destabilizes the growth, and in another hand hampers the resources to be channeled into the investments and so it led to the development of rant economy. February 28 process is a process of capital dissociating. Even though the results obtained from studies on the economic impact of this period have varied, it is estimated that is over 250 billion dollars. With an historical approach in this study, it is discussed that the causes of military intervention, the military interventions around the world, the military intervention in the Ottoman Empire and the history of military intervention in Turkey. As for the private, the events occurring at February 28 process were investigated. Developing countries in the period of 1990s and Turkey's economic situation was handled and Mexico crisis that occurred between 1991-1997 for the first half of 1990, Argentine crisis of 1995, Turkey crisis of 1994 was examined in the study. And it is led stress upon the crises after 28 February as Asian crisis occurred between 1997-2003, Brazilian crisis of 1998, Russian crisis of 1998, Argentina crisis of 2001, Turkish crises of November 2000 and February 2001. In this context, the Stasis and Co integration analysis were made on GDP, CPI and interest rates of GDDS by using their quarterly data between 1988-2004 years. Keywords 1. Military Coup 2. Economic Crisis 3. Foreign Investment 4. Economic Repercussion