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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.

Suggested Citation

  • Mehmet, Babacan, 2011. "Whither an axis shift: A perspective from Turkey's foreign trade," MPRA Paper 29736, University Library of Munich, Germany, revised Jan 2011.
  • Handle: RePEc:pra:mprapa:29736
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    File URL: https://mpra.ub.uni-muenchen.de/29736/3/MPRA_paper_29736.pdf
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    Cited by:

    1. Marouane Alaya & Imed Mezghani, 2013. "The Growth of Turkey in World Trade: Opportunity or Threat for MENA Countries?," Working Papers 763, Economic Research Forum, revised Sep 2013.
    2. Burcu Ozcan & Hiranya Nath, 2016. "Information and Communication Technology (ICT) and International Trade: Evidence from Turkey," Working Papers 1609, Sam Houston State University, Department of Economics and International Business.

    More about this item

    Keywords

    Foregin trade; economic policy;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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