Research
- +5
Alper Coşkun, Fatih Ceylan, Tacan İldem, …
{
"authors": [
"Sinan Ülgen"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie Europe",
"Malcolm H. Kerr Carnegie Middle East Center"
],
"collections": [
"Turkey’s Transformation"
],
"englishNewsletterAll": "ctw",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Europe",
"programAffiliation": "EP",
"programs": [
"Europe"
],
"projects": [],
"regions": [
"Europe",
"Türkiye",
"Middle East",
"Iran"
],
"topics": [
"Political Reform",
"Economy"
]
}
Source: Getty
In The Media
Turkey Has the Chance to Do Things Differently on Its Economy
Turkey has begun to take steps toward a more coherent economic policy, but its outcome will ultimately be determined by President Recep Tayyip Erdogan.
By Sinan Ülgen
Published on Nov 11, 2020
Source: Bloomberg
Long criticized for its unconventional economics, Turkey’s government has started taking steps toward a more rational approach.
The adjustment was triggered first by the sacking of the country’s central bank governor, Murat Uysal, and then the puzzling resignation on Sunday of the finance minister, Berat Albayrak. The latter — son-in-law to President Recep Tayyip Erdogan — was quickly replaced by Lutfi Elvan, a respected AK Party politician and ex-deputy prime minister. Former Finance Minister Naci Agbal is taking over the central bank.
Having such a seasoned economic management team is a welcome change, but its task will be complicated by the extreme centralization of power in Turkey and a backdrop of geopolitical risk.
Read Full Text
About the Author
Sinan Ülgen
Senior Fellow, Carnegie Europe
Sinan Ülgen is a senior fellow at Carnegie Europe in Brussels, where his research focuses on Turkish foreign policy, transatlantic relations, international trade, economic security, and digital policy.
- Reforming European Security: A Turkish Perspective
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Europe
- The Uncomfortable Truth About EU EnlargementCommentary
Before the next wave of EU enlargement takes place, the union needs to grapple with thorny questions of how power is distributed among its members.
Emil Sondaj Hansen, Ditte Brasso Sørensen
- The Denmark-Greenland-U.S. Agreement Needs to Stand the Test of TimeCommentary
The new U.S.–Denmark–Greenland agreement will help Washington exert political, economic, and financial dominance under the guise of security. Yet, it acknowledged Copenhagen’s and Nuuk’s sovereignty on the island.
Marc Pierini
- A Black Sea Truce Is About Global Food Security, TooCommentary
A summer of escalation in the Black Sea has hurt Ukraine economically and is exacerbating world food security. A truce is needed—as is a broader reframing of Europe’s Ukraine strategy.
Thomas de Waal
- Taking the Pulse: Does the EU Have a Germany Problem?Commentary
Are Germany’s economic, industrial, and political struggles becoming a liability for the EU’s ability to rise to the geopolitical moment?
Rym Momtaz, ed.
- The Speech Ursula von der Leyen Can’t DeliverCommentary
European Commission President Ursula von der Leyen is about to give her annual address on the state of the EU. Here’s what she won’t—but should—say.
Rym Momtaz
