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
- Letter from the Editor: Europe Takes Two Steps Forward But One Step BackCommentary
As we close out another season of Strategic Europe, it is worth taking stock of the deep shifts underway.
Rym Momtaz
- Assessing Information Ecosystems: How Governments Can Get Ahead of Hybrid ThreatsPaper
The hybrid warfare landscape is evolving rapidly, leaving policymakers without clear strategies. To better inform their work in addressing emerging challenges, governments must dig deeper into the underlying dynamics at play.
Raluca Csernatoni, Alicia Wanless
- Taking the Pulse: Are the EU’s Watered-Down Russia Sanctions Better than None?Commentary
The EU had to compromise to adopt a twenty-first sanctions package against Russia, exposing growing cracks in the union’s resolve. Is this latest, weaker round worth it to keep pressure on Moscow?
Rym Momtaz, ed.
- Why Europe Must Take Charge of its Russia Diplomacy NowCommentary
Trump is distracted and Ukraine wants Europe to step up. The continent’s leaders must find their voice and assert it in talks with Russia.
Alissa de Carbonnel
- Why Russia Could Escalate Hybrid Warfare Against EuropeCommentary
Mounting economic strain and battlefield losses will not necessarily make the Kremlin less dangerous. They could instead push Moscow toward a more aggressive hybrid campaign designed to test NATO’s Eastern flank, exploit allied hesitation, and fracture European resolve.
Maksym Beznosiuk
