The ties that don't bind: trading state debates and role of state capacity in Turkish foreign policy

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Date

2023

Authors

Karaoguz, Huseyin Emrah

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Publisher

Routledge Journals, Taylor & Francis Ltd

Research Projects

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Abstract

The literature on trading states has advanced our understanding of foreign economic policy dynamics, but what constitutes a proper trading state and determines its resilience remains somewhat unclear. This article contributes to the literature by developing a political economy framework to assess the role of 'state capacity' in conditioning Turkey's foreign economic policies. Using Turkey as a case, we argue that states are more likely to show suboptimal economic engagement in case of weak state capacity, as (i) they fail to pursue effective industrial policy resulting in low exit costs, (ii) business elites cannot put pressure on the political leadership for the preservation of existing trade ties in the event of an external shock, and (iii) weak financial support mechanisms lead to insufficient assistance to national firms operating abroad.

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Keywords

Political-Economy, Business, Interdependence, Future, Trading state, Political-Economy, state capacity, Business, foreign economic policy, Interdependence, developmental foreign policy, Future, Turkish foreign policy

Turkish CoHE Thesis Center URL

Citation

0

WoS Q

Q2

Scopus Q

Q1

Source

Southeast European and Black Sea Studies

Volume

23

Issue

2

Start Page

409

End Page

429