Browsing by Author "Kutlay,M."

Now showing 1 - 7 of 7

Citation Count: 0
Conclusion: Talking the Talk, Walking the Walk
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
This chapter points out that the uncertain political-economic environment in the international system brings us back to the quality of domestic institutions and the need to establish durable links between the domestic development regime and the foreign policy regime. Based on our regime coherence framework, we argue that weak institutional complementarities constitute Turkey’s main challenge to building a development-oriented foreign policy outlook in an increasingly multipolar order. We conclude the three complementary pillars, economic governance, state-business ties, and financial statecraft could not be systematically incorporated into the Turkish foreign policy framework despite certain improvements. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation Count: 0
Development and Foreign Policy: State of the Art
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
This chapter demonstrates the understudied nature of the political economy of foreign policy in relation to economic development to highlight the relevance of the regime coherence framework. On the one hand, there has been a growing interest in exploring the nature, causes, and consequences of state-led development, especially since the 2008 global financial crisis. On the other hand, the foreign policy dimension of state-led development is curiously overlooked. Despite intriguing debates, foreign policy as a separate but interrelated domain is not fully incorporated into the discussions on national development—and vice versa. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation Count: 0
The Development–foreign Policy Nexus: a Regime Coherence Framework
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
This chapter posits that critical engagement with institutional political economy and developmental state scholarship offers new theoretical insights at a time when both development regimes and foreign policy paradigms are in flux. It provides a broad conceptual framework which links national development and foreign policy regimes through institutional complementarities among economic governance, state-business relations, and financial statecraft. It proposes that if the domestic development regime does not chime with the foreign policy orientation of a country, and it is less likely that foreign policy will feed into a nation’s long-term development performance—and vice versa. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation Count: 0
Economic Governance
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
This chapter analyses Turkey’s economic governance performance in historical terms. It documents the enduring institutional and political problems that have impeded the formation of pro-development policy coalitions. It then focuses on the post-2000 era to highlight the strong continuity of reproducing ineffective economic governance practices. Next, it concentrates on R&D policies between 2002 and 2010, when Turkey was generally considered a promising “trading state” built on strong economic performance and foreign policy activism. Finally, it examines the consequences of weak economic governance: relatively mediocre industrial upgrading performance and low “exit costs” for preserving trade interdependence with neighboring countries. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation Count: 0
Financial Statecraft
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
This chapter examines the practice of financial statecraft in Turkey over recent decades. It argues that financial statecraft as a notion and institutional practice has yet to be a primary concern of Turkish state and non-state actors. Chronic current account deficits stemming from an import-dependent production structure, poor industrial upgrading performance in a natural-resource-poor country, and low savings have undermined sustainable foreign economic policy activism. Also, state elites have not created adequate insurance mechanisms for Turkish exporters and encouraged market actors to protect themselves against political risks, although some positive steps were taken. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation Count: 0
Introduction: Economy and Foreign Policy in a Multipolar World
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
Many developing countries hitting the limits of neoliberal globalization have started experimenting with alternative development paradigms, especially since the 2008 global financial crisis, to increase their resilience and reduce their external economic exposure. This book focuses on this transformation and develops a regime coherence framework that explores institutional complementarities between the development and foreign policy regimes to assess under what conditions a country can implement development-oriented foreign policy. We argue that development-oriented foreign policy provides a firm grounding for developing countries to capitalize on the opportunities and reduce the risks under multipolarity. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation Count: 0
State-Business Relations
(Palgrave Macmillan, 2023) Kutlay,M.; Karaoğuz,H.E.
This chapter examines state-business relations in Turkey before and after the Arab uprisings to explore how and to what extent the business community is involved in foreign policy processes. Without ruling out the importance of external shocks, geopolitical imperatives, and the ideological preoccupations of the political leadership, we argue that the weakly institutionalized, fragmented, and lop-sided character of state-business relations undermined the prospects of a development-oriented foreign policy in Turkey in the 2010s. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.