Turkey in the Global Economy

Neoliberalism, Global Shift and the Making of a Rising Power

Bulent Gokay

£65.00  |  $
ISBN 9781788210836
£22.99  |  $
ISBN 9781788210843
£22.99  |  $
ISBN 9781788210850
224 pages   |  234 x 156mm   |  10 December 2020


"This is a superb long durée perspective on the political economy of contemporary Turkey over the last two decades that we ignore at our own peril."  – Vassilis K. Fouskas, University of East London, and founding editor of the Journal of Balkan and Near Eastern Studies

"Using insights gathered from world systems analysis and global shift approaches, this book departs from Eurocentric lenses and casts a critical eye on Turkey’s geopolitical and economic positionality in a highly informative and engaging manner. It consequently fills an important gap in Turkish studies, global political economy and international relations." – Tunc Aybak, Middlesex University

"This is an important book. It shows us the developmental trajectory of Turkey over the last two decades. Similar to the impact of China, middle-sized rising powers like Turkey have huge potential to shift the global power structure with profound implications. Professor Gokay reminds us in this book that despite the destructive strategies of neoliberalism there are opportunities for global powers to collaborate in the pursuit of their own development and growth strategies." – Qingan Huang, Guangdong University of Finance and Economics


Since the late-1990s Turkey has emerged as a significant economic power. Never colonised and straddling the continents of Europe and Asia, it plays a strategically important role in a region of increasing instability.

Bulent Gokay examines Turkey’s remarkable domestic political and economic transformation within the context of broader regional and global changes.

The book covers the 2001 financial crisis, the “golden age” (2002–07) of stable growth and foreign investment, the 2008 crisis and subsequent recovery, and the recent years marked by a faltering economy hampered by political instability.

By situating the story of Turkey’s economic growth within an analysis of the structural changes and shifts within the world economy since the end of the Cold War, he is able to provide new insight into the functioning of Turkey’s political economy and the successes and failures of its ruling party’s economic management.



Part I Global shift and the world economy
1. An emerging market economy
2. The Turkish economy in the twentieth century

Part II The AKP 1: populist neoliberalism
3. Deep financial and economic crisis: Turkey prepares the ground for the AKP
4. The “golden age”: stable growth, fiscal discipline and “heaven” for foreign direct investment
5. Crisis at the global centre

Part III The AKP 2: authoritarian neoliberalism
6. The global financial crisis and Turkey’s response
7. Turkish foreign policy: the Arab Spring and the Syrian catastrophe
8. The Taksim Gezi protests and the authoritarian turn
9. The 2016 failed coup and crackdown

Part IV The crisis of global hegemony
10. The US–Turkey stand-off, trade wars and new partners
11. Turkey and uncertain predictions for the world economy
12. The Covid-19 pandemic
13. Towards a conclusion: some key trends

Author Information

Bulent Gokay is Professor of International Relations at Keele University. He is chair of the editorial committee of the Journal of Balkan and Near Eastern Studies and Founding Editor of the Journal of Global Faultlines. His books include Eastern Europe Since 1970 (2006), Soviet Eastern Policy and Turkey, 1920–1991 (2006) and (with Ben Fowkes) Unholy Alliance: Muslims and Communists in Post-Transition States (2011).

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