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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 economy1. An emerging market economy2. The Turkish economy in the twentieth century
Part II The AKP 1: populist neoliberalism3. Deep financial and economic crisis: Turkey prepares the ground for the AKP4. The “golden age”: stable growth, fiscal discipline and “heaven” for foreign direct investment5. Crisis at the global centre
Part III The AKP 2: authoritarian neoliberalism6. The global financial crisis and Turkey’s response7. Turkish foreign policy: the Arab Spring and the Syrian catastrophe8. The Taksim Gezi protests and the authoritarian turn9. The 2016 failed coup and crackdown
Part IV The crisis of global hegemony10. The US–Turkey stand-off, trade wars and new partners11. Turkey and uncertain predictions for the world economy12. The Covid-19 pandemic13. Towards a conclusion: some key trends