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  • Author: Meral Varis Kiefer
  • Publication Date: 05-2007
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: On April 30, 2007, the Turkish stock market slumped and the value of the lira dropped following a massive demonstration in Istanbul against the Justice and Development Party (AKP) government, coupled with a statement by the military voicing support for secularism. Previously, the comparatively healthy Turkish economy had boosted the chances that the AKP, rooted in the country's Islamist movement, would achieve further electoral victories this year. On April 24, Prime Minister Recep Tayyip Erdogan named Foreign Minister Abdullah Gul as his party's candidate for president -- a legislatively elected post. In the April 27 parliamentary session, however, the secular opposition boycotted the vote, and the AKP failed to muster the required two-thirds majority. The Turkish constitutional court subsequently annulled the vote, and the status of the presidential election is now uncertain. In the meantime, the parliament has moved legislative elections up from November to July 22.
  • Topic: Development, Economics, Government
  • Political Geography: Turkey, Middle East
  • Author: Meral Varis
  • Publication Date: 11-2005
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Now that negotiations toward full Turkish membership in the European Union (EU) have begun, what are the prospects for the Turkish economy? In particular, could Turkey attract significant global investment and take off economically as happened in Spain, Portugal, and Greece in the 1980s and Poland, Hungary, and the Czech Republic in the 1990s when those countries negotiated for EU accession?
  • Topic: International Relations, Economics
  • Political Geography: Europe, Turkey, Middle East, Greece, Poland, Hungary, Spain, Portugal
  • Author: Kemal Derviş
  • Publication Date: 04-2002
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Turkey's recovery from the economic crisis of February 2001 has so far been very successful. Fundamental reforms have been undertaken and strict fiscal discipline has been implemented. Furthermore, this process is, to a large degree, irreversible. For the recovery to be truly successful, however, it is essential that Turkey's relations with the European Union (EU) be promoted and that foreign direct investment be encouraged.
  • Topic: Security, Economics, Religion
  • Political Geography: Turkey, Middle East
  • Author: Helena Kane Finn
  • Publication Date: 02-2002
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: The U.S.-Turkish military strategic relationship has been a strong one historically, based on the loyalty of Turkey — a staunch NATO ally — over the past half century. As a result of Prime Minister Bulent Ecevit's visit to Washington in January, business contacts between the United States and Turkey have intensified, adding a new and very significant dimension to the relationship. Perhaps the most concrete result of the meeting between President George W. Bush and the Turkish prime minister is the State Department's creation of the Economic Partnership Commission (EPC), scheduled to hold its first meeting in Ankara on February 26-27. State Department undersecretary for economic affairs Alan Larson will lead the U.S. delegation.
  • Topic: Security, Economics, Religion
  • Political Geography: United States, Turkey, Middle East, Arabia
  • Author: Niyazi B. Gunay, Ismail Cem
  • Publication Date: 04-2001
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: On March 28, 2001, His Excellency Ismail Cem, foreign minister of Turkey, addressed The Washington Institute's Policy Forum. The following is a rapporteur's summary of his remarks. Over the past four years Turkish foreign policy has been experiencing a transformation. Turkey now sees itself not only as part of Europe but also as part of Asia. The Asian character of Turkey, which has been downplayed for decades, has been revitalized, making Turkish foreign policy more active in the Middle East and the former Soviet Union and helping Turkey to improve relations simultaneously with the Arabs and Israel. Turkey's relations with the European Union are progressing favorably; EU membership is a goal, but not an obsession for Turkey.
  • Topic: International Relations, Foreign Policy, Economics
  • Political Geography: Europe, Washington, Turkey, Middle East, Arabia
  • Author: Alan Makovsky
  • Publication Date: 03-2001
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Turkey's economic crisis is naturally the leading issue in bilateral U.S.-Turkish relations, and it is almost certainly topping the agenda of today's meetings of Foreign Minister Ismail Cem with Vice President Richard Cheney and other senior officials. Of course, these meetings pose the difficult question of how much Washington should do, if anything, to bail out its strategically vital ally. But this is only one of several uncertainties characterizing U.S.-Turkish relations in the early days of the Bush administration. Because so much of Turkey's importance to the United States derives from its critical strategic location, bilateral relations are greatly affected by U.S. policies toward other states in Turkey's region. Of most concern to Turkey will be the evolution of Bush administration policy toward Iraq, Iran, and Russia, and also toward Europe's nascent bid to develop an autonomous security capacity.
  • Topic: International Relations, Security, Defense Policy, Economics, Energy Policy
  • Political Geography: Russia, United States, Iraq, Europe, Iran, Washington, Turkey, Middle East
  • Author: Alan Makovsky
  • Publication Date: 03-2001
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Turkey's economic near-meltdown last week — its second financial crisis in three months — was precipitated by political problems, not by narrowly economic issues. Until the political problems are addressed, the prospects for any new economic package will be questionable. With Turkish leaders and the International Monetary Fund (IMF) both seemingly floundering, Turkey likely would welcome suggestions on how to proceed, and the United States would do well to send a special high-level representative to Ankara for several days, as a source of informal advice and as a powerful symbol of U.S. support.
  • Topic: Economics, Political Economy, Politics, International Monetary Fund
  • Political Geography: United States, Turkey, Middle East