Turkey's economy, a story of success with an uncertain future:
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Warszawa [Poland]
Ośrodek Studiów Wschodnich im. Marka Karpia
2013
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Schlagworte: | |
Online-Zugang: | BSB01 |
Beschreibung: | In the decade since the Justice and Development Party (AKP) came to power, Turkey's economy has become synonymous with success and well-implemented reforms. Economic development has been the basis of both socio-political stability inside the country and of an ambitious foreign policy agenda pursued by the AKP. However, the risks associated with a series of unresolved issues are becoming increasingly apparent. These include the country's current account deficit, its over-reliance on short-term external financing, and unfinished reforms, for example of the education sector.This leaves Turkey exposed to over-dependence on investors, especially from the West. Consequently, Ankara has become a hostage of its own image as an economically successful state with a stable socio-political system. Any changes to this image would cause capital flight, as exemplified by the outflow of portfolio investment and an increase in the cost of external debt that followed the nationwide protests over the proposed closure of Gezi Park last summer. In addition, Turkey remains vulnerable to potential changes in investor sentiment towards emerging markets |
Beschreibung: | 1 Online-Ressource(1 p. 6) |
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language | English |
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spelling | Jarosiewicz, Aleksandra Verfasser aut Turkey's economy, a story of success with an uncertain future Aleksandra Jarosiewicz Warszawa [Poland] Ośrodek Studiów Wschodnich im. Marka Karpia 2013 Frankfurt M. CEEOL 2013 1 Online-Ressource(1 p. 6) txt rdacontent c rdamedia cr rdacarrier In the decade since the Justice and Development Party (AKP) came to power, Turkey's economy has become synonymous with success and well-implemented reforms. Economic development has been the basis of both socio-political stability inside the country and of an ambitious foreign policy agenda pursued by the AKP. However, the risks associated with a series of unresolved issues are becoming increasingly apparent. These include the country's current account deficit, its over-reliance on short-term external financing, and unfinished reforms, for example of the education sector.This leaves Turkey exposed to over-dependence on investors, especially from the West. Consequently, Ankara has become a hostage of its own image as an economically successful state with a stable socio-political system. Any changes to this image would cause capital flight, as exemplified by the outflow of portfolio investment and an increase in the cost of external debt that followed the nationwide protests over the proposed closure of Gezi Park last summer. In addition, Turkey remains vulnerable to potential changes in investor sentiment towards emerging markets Governance Economic policy Developing nations Geopolitics |
spellingShingle | Jarosiewicz, Aleksandra Turkey's economy, a story of success with an uncertain future Governance Economic policy Developing nations Geopolitics |
title | Turkey's economy, a story of success with an uncertain future |
title_auth | Turkey's economy, a story of success with an uncertain future |
title_exact_search | Turkey's economy, a story of success with an uncertain future |
title_exact_search_txtP | Turkey's economy, a story of success with an uncertain future |
title_full | Turkey's economy, a story of success with an uncertain future Aleksandra Jarosiewicz |
title_fullStr | Turkey's economy, a story of success with an uncertain future Aleksandra Jarosiewicz |
title_full_unstemmed | Turkey's economy, a story of success with an uncertain future Aleksandra Jarosiewicz |
title_short | Turkey's economy, a story of success with an uncertain future |
title_sort | turkey s economy a story of success with an uncertain future |
topic | Governance Economic policy Developing nations Geopolitics |
topic_facet | Governance Economic policy Developing nations Geopolitics |
work_keys_str_mv | AT jarosiewiczaleksandra turkeyseconomyastoryofsuccesswithanuncertainfuture |