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Higher expectations from international trade: ‘Proactive’ and ‘reactive’ contributions to Turkish-Russian relations

Author

Listed:
  • Itir Ozer-Imer

    (Faculty of Economics and Administrative Sciences Department of International Relations, Hacettepe University, 06800, Beytepe, Ankara, Turkey)

  • Emrullah Can Kilic

    (Presidency of the Republic of Turkey, 06560, Beştepe, Ankara, Turkey)

Abstract

Turkish foreign policy has undergone a distinctive transformation in the last two decades, placing a greater emphasis on trade relations with her neighbours, which had previously been beyond the scope of Turkish foreign policy. In this respect, Turkey's relations with Russia improved dramatically due to strong trade relations, which not only contributed to the development of these countries but also resulted in peace-inducing effects. This study aims to highlight and analyse the role of economic interests and gains in the transformation of Turkish foreign policy from a political economic perspective. The study suggests that economic interests brought Turkey and Russia together, making hostilities less likely among the two countries. We make also policy recommendations, which take peculiarities of Russia into consideration in order to highlight further gains in trade relations with this country.

Suggested Citation

  • Itir Ozer-Imer & Emrullah Can Kilic, 2022. "Higher expectations from international trade: ‘Proactive’ and ‘reactive’ contributions to Turkish-Russian relations," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 72(2), pages 195-210, June.
    • Handle: RePEc:aka:aoecon:v:72:y:2022:i:2:p:195-210
    DOI: 10.1556/032.2022.00011
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    Keywords

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    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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