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Whither an axis shift: A perspective from Turkey's foreign trade

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  • Mehmet, Babacan

Abstract

Our analysis will discuss Turkey’s changing direction, if any, in terms of its trade orientation. This paper argues that Turkey’s trade sector has maintained its long-standing direction towards the major European Union (EU) member countries with only minor setbacks, while new dimensions in bilateral trade have emerged not only due to Turkey’s changing foreign policy considerations but also global economic transformations. Moreover, this paper argues that Turkey’s trade partners are subject to these changes, as the epicentre of the global economy shifts, i.e. to the East. In the first section, a brief introduction with regards to Turkey’s foreign trade under the AK Party’s administration -since 2002 will be provided. The second section will discuss the scope of regional and worldwide changes in trade patterns and analyze the recent shift in Turkey’s trade orientation in the context of Asia’s economic and political rise in early 21st century. The Third section will focus on the role of political dynamics in Turkey’s trade sector and structural issues.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29736.

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Date of creation: Jan 2011
Date of revision: Jan 2011
Publication status: Published in Insight Turkey 1.13(2011): pp. 129-157
Handle: RePEc:pra:mprapa:29736

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Keywords: Foregin trade; economic policy;

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