Turkey in the Global Economy

Neoliberalism, Global Shift and the Making of a Rising Power

By (author) Prof. Bülent Gökay

Publication date:

10 December 2020

Publisher

Agenda Publishing

Dimensions:

234x156mm
6x9"

ISBN-13: 9781788210836

Since the late-1990s Turkey has emerged as a significant economic power. Never colonized and straddling the continents of Europe and Asia, it plays a strategically important role in a region of increasing instability.

Bülent Gökay examines Turkey’s remarkable domestic political and economic transformation over the past two decades within the context of broader regional and global changes. By situating the story of Turkey’s economic growth within an analysis of the structural changes and shifts in the world economy, the book provides new insights into the functioning of Turkey’s political economy and the successes and failures of its ruling party’s economic management.

Introduction

Part I Global shift and the world economy
1. An emerging market economy
2. The Turkish economy in the twentieth century

Part II The AKP 1: populist neoliberalism
3. Deep financial and economic crisis: Turkey prepares the ground for the AKP
4. The “golden age”: stable growth, fiscal discipline and “heaven” for foreign direct investment
5. Crisis at the global centre

Part III The AKP 2: authoritarian neoliberalism
6. The global financial crisis and Turkey’s response
7. Turkish foreign policy: the Arab Spring and the Syrian catastrophe
8. The Taksim Gezi protests and the authoritarian turn
9. The 2016 failed coup and crackdown

Part IV The crisis of global hegemony
10. The US–Turkey stand-off, trade wars and new partners
11. Turkey and uncertain predictions for the world economy
12. The Covid-19 pandemic
13. Towards a conclusion: some key trends

This is a superb long durée perspective on the political economy of contemporary Turkey over the last two decades, one we ignore at our own peril.