Higher expectations from international trade: ?Proactive? and ?reactive? contributions to Turkish-Russian relations

OZER-IMER I. T. I. R., KILIC E. M. R. U. L. L. A. H. C. A. N.

ACTA OECONOMICA, vol.72, no.2, pp.195-210, 2022 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 72 Issue: 2
  • Publication Date: 2022
  • Doi Number: 10.1556/032.2022.00011
  • Journal Name: ACTA OECONOMICA
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, EconLit, Geobase, Index Islamicus
  • Page Numbers: pp.195-210
  • Keywords: Turkey, Russia, political economy, international trade, Turkish foreign policy, economic interdependence, FOREIGN-POLICY, TURKEYS, ECONOMY, PEACE
  • Hacettepe University Affiliated: Yes

Abstract

Turkish foreign policy has undergone a distinctive transformation in the last two decades, placing a greater emphasis on trade relations with her neighbours, which had previously been beyond the scope of Turkish foreign policy. In this respect, Turkey???s relations with Russia improved dramatically due to strong trade relations, which not only contributed to the development of these countries but also resulted in peaceinducing effects. This study aims to highlight and analyse the role of economic interests and gains in the transformation of Turkish foreign policy from a political economic perspective. The study suggests that economic interests brought Turkey and Russia together, making hostilities less likely among the two countries. We make also policy recommendations, which take peculiarities of Russia into consideration in order to highlight further gains in trade relations with this country.