By Barış Soydan
February 11, 2019
It is impossible to understand the electoral successes so far of Recep Tayyip Erdoğan, the undisputed leader of Turkey since 2003, without taking the spectacular growth of consumerism in the country into consideration. Notwithstanding the fact that the neoliberal economic policies of the ruling Justice and Development Party (AKP) have disproportionately benefited the wealthiest in Turkish society, low-income earners have also benefited from the economic growth of the last sixteen years. Yet this growth has to a large extent relied on the quantitative easing program of the U.S. Federal Reserve. The end of quantitative easing will be consequential for Erdoğan and his party. Erdoğan is not going to be able to retain the same level of support that he has enjoyed among low-income earners. Get ready for substantial drops in AKP votes in the municipal elections in March.
By Barış Soydan
August 22, 2018
Last year, Turkey was the fastest growing economy among the G20 countries. Now it is going through a severe currency crisis. The lira has lost more than 40 percent against the US dollar this year. A recession is at the door. President Recep Tayyip Erdoğan accuses the United States of waging economic 'war' against Turkey and has threatened to ‘look for new allies’. Yet Turkey has no alternative to Western capital, and will sooner or later going to have to do whatever it takes to restore the confidence of Western investors.
By Svante E. Cornell and Halil Karaveli
December 6, 2017
Reza Zarrab’s testimony in early December to a New York court was hardly helpful in breaking the impasse in Turkish-American relations. By implicating Turkish President Recep Tayyip Erdogan directly in the oil-for-gold trade that is the subject of the trial, Zarrab may have contributed to a new low in the fraught alliance. However, the case is symptomatic of the fact that Turks and Americans lack basic trust. It also illustrates that they are now on completely different frequencies. The Zarrab case means entirely different things to Turks and Americans, and this disconnect risks contributing to a break that neither party may actually want.
By Halil Karaveli
January 23, 2017
The Kurdish question has, once again, complicated Turkish-American relations. The rhetoric of anti-Americanism remains useful to whip up and mobilize nationalist opinion. Yet, Erdoğan’s Islamists are not any aspiring anti-imperialists. What they want – and what they expect that Turkey is now going to get – is simply a better “business deal” with the United States under Donald Trump.
By Svante E. Cornell
July 20, 2016
The failed military coup in Turkey provides a window into just how unstable and vulnerable Turkey has become. The coup is a unique but not isolated event, more than anything a symptom of the decay of Turkish state institutions under Erdogan. The sizable post-coup repression will make matters worse, in fact increasing rather than decreasing the risk of further violence, including a new coup. Turkey is now more a problem in its own right than an ally to help solve regional problems.
The Turkey Analyst is a publication of the Central Asia-Caucasus Institute & Silk Road Studies Joint Center, designed to bring authoritative analysis and news on the rapidly developing domestic and foreign policy issues in Turkey. It includes topical analysis, as well as a summary of the Turkish media debate.