Development and Foreign Policy in Turkey: Rethinking Interconnectedness in a Multipolar World (International Political Economy Series)

This book sketches an institutional political economy framework to discuss the interaction between development and foreign policy in the global South with reference to Turkey. The authors argue that although the developmental state framework has commonly been employed to explore domestic economic development processes without analytically focusing on the foreign policy dimension, developmental state institutions are highly relevant in the creation and pursuit of a development-oriented foreign policy at a time of growing uncertainty marred by geopolitical and geoeconomic tensions. The book develops a two-level ‘Regime Coherence Framework’ to account for the domestic and international dimensions of development-oriented foreign policy. The main argument posits that the development regime in Turkey and associated foreign policies lack coherence, due to weak institutional complementarities between economic governance, state-business relations, and financial statecraft at the domestic-external nexus. Acknowledgments Contents List of Figures List of Tables 1 Introduction: Economy and Foreign Policy in A Multipolar World Development and Foreign Policy in Turkey: A Case of Mutual Neglect The Argument Research Design Plan of the Book References 2 The Development–Foreign Policy Nexus: A Regime Coherence Framework Introduction Economy and Foreign Policy: How Are They Related? The Economic Arrow in the Foreign Policy Quiver: The Regime Coherence Framework Economic Governance State–Business Cooperation Financial Statecraft Conclusion References 3 Development and Foreign Policy: State of the Art Development-Oriented Foreign Policy: A Work in Progress State Capitalism: Foreign Policy as the Missing Link? The Political Economy of Turkish Foreign Policy Conclusion References 4 Economic Governance Turkey’s Economic Governance: A Historical Perspective Turkey’s Economic Governance Post-2002 Economic Governance and Foreign Policy in the 2000s Conclusion References 5 State-Business Relations Path Dependencies in State-Business Relations Transformation: Economic Interdependence Redux (2002–2011) Muddling Through: The Limits of Interconnectedness (2012–2021) Diplomatic Support to the Business Community Conclusion References 6 Financial Statecraft Macroeconomic Environment Micro-Support Mechanisms for Exporters Türk Eximbank: Export Credit Bank of Turkey Conclusion References 7 Conclusion: Talking the Talk, Walking the Walk References Appendix 1: Foreign Trade By Geographical Country Groups and Countries Appendix 2: Turkey’s Foreign Trade By Regions and Countries Index