The Economic and financial relations of Turkey with East European Countries (1990-2012)

Akoğlu Şişman, Melda
This thesis analyzes the economic and financial relations of Turkey with East European Countries (EECs) since the transition period of those countries till 2012. Having gone through the Cold War background of the subject in question with the insight provided by “uneven and combined development” approach, the thesis examines economic and financial relations of Turkey with each of East European countries and then explores to what extent the European Union (EU) leaves a leverage room for Turkey to exercise a role of being a sub-regional power in the region. The findings suggest that Turkey had similiar advantages in entering those new emerging markets that of the EU’s by signing Free Trade Agreements. However, the bilateral trade figures with EECs and foreign direct investments of Turkey in the region have not achieved the desired levels beginning from their transition period. This situation has persisted even after the 2008 crises with the overall decline of the confidence in the European integration project. It is, however, argued here that as long as the outer framework of economic and financial relations of Turkey with the EECs are defined by the EU’s regulations based on neoliberal restructuring, this structural rationale does not give a large leverage room for Turkey to exercise a role of being sub-regional power.


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Citation Formats
M. Akoğlu Şişman, “The Economic and financial relations of Turkey with East European Countries (1990-2012),” M.S. - Master of Science, Middle East Technical University, 2013.