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

Mehmet Babacan

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Foregin trade; economic policy (search for similar items in EconPapers)
JEL-codes: F14 F15 F59 (search for similar items in EconPapers)
Date: 2011-01, Revised 2011-01
New Economics Papers: this item is included in nep-ara and nep-cwa
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Insight Turkey 1.13(2011): pp. 129-157

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:29736

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