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This book assesses the 2008-2009 financial crisis and its ramifications for the global economy from a multidisciplinary perspective. Current market conditions and systemic issues pose a risk to financial stability and sustained market access for emerging market borrowers. The volatile environment in the financial system became the source of major threats and some opportunities such as takeovers, mergers and acquisitions for international business operations. This volume is divided into six sections. The first evaluates the 2008-2009 Global Financial Crisis and its impacts on Global Economic Activity, examining the financial crisis in historical context, the economic slowdown, transmission of...
After the dismemberment of the Ottoman State, even though it lost a huge territory, Turkey chose not to pursue an irredentist foreign policy, and although it was a continuation of the Ottoman State, it did not want to maintain the Ottoman heritage. Instead the Republic of Turkey preferred to follow a pro status quo and a comprehensive Westernist foreign policy orientation. When the Soviet Union threatened Turkey in the wake of the Second World War, Turkey needed to officially be part of the Western world. Therefore, it had to accept the subordination to the liberal Western world and a dependent relationship with the United States due to the requirements of the bipolar world system. In spite ...
This handbook brings together a mix of established and emerging international scholars to provide valuable analytical insights into how China’s growing Middle East presence affects intra-regional development, trade, security, and diplomacy. As the largest extra-regional economic actor in the Middle East, China is the biggest source of foreign direct investment into the region and the largest trading partner for most Middle Eastern states. This portends a larger role in political and security affairs, as the value of Chinese assets combined with a growing expatriate population in the region demands a more proactive role in contributing to regional order. Exploring the effect of these develo...
At a time when many advanced and emerging economies are adopting more active industrial policies, this book provides an in-depth historical-empirical account of industrial policy in Turkey - its rise, retreat and return. This study adopts a multidisciplinary approach and covers the role of the state in Turkey's initial industrialisation to the current period of restructuring and potential technological upgrading of its manufacturing base. The analysis traces how industrial policy has been shaped by state capacity, the waves of reforms following economic crises, the dearth of long-term finance for industrialisation and, more recently, the need to address issues such as low-tech industrial structure and pre-mature de-industrialisation.
This book examines Turkey’s success within international development cooperation and how this could create a framework for a new international aid architecture. Turkey has become a world leader in humanitarian assistance and shared an extraordinary burden in official development assistance (ODA). Its achievements are used to highlight the global failure to meet aid commitments and the increasingly permanent humanitarian problems seen in certain regions. A particular focus is given to Turkey’s diplomatic and humanitarian actions, its contribution to regional stability and development, and creating a holistic aid perspective. The book aims to provide the reader with an understanding of Turkey’s significant value-added contribution to the international aid architecture, gives an outline for international cooperation, and contributes to ongoing discussions within development economics, political science, and international relations.
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Non-governmental organizations; Turkey; directories.