Making Istanbul A Finance Center: A Hegemonic Spatial Project Of The AKP Regime

Önol, Elif
Neoliberal financial transformation processes have permeated into the economic, social, spatial and daily spheres since the early 1980s in Turkey and similar countries. Meanwhile, the urban space has been put under pressure with competitiveness and through a bunch of policies such as urban transformation and gentrification projects. Since 2009 the Istanbul Finance Center project has been in progress as a state-run project which aims to turn Istanbul first into a regional, then a global finance center. This thesis aims to assess the AKP regime‘s attempt to make Istanbul a finance center as a hegemonic spatial project with regards to financialization of the state in Turkey. It is argued that the protection and elevation of interests of major capital groups and the state managers through the project forms an important example of ways in which the hegemony is reproduced through the financialization of the state.


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Citation Formats
E. Önol, “Making Istanbul A Finance Center: A Hegemonic Spatial Project Of The AKP Regime,” M.S. - Master of Science, Middle East Technical University, 2022.