{"id":51,"date":"2019-03-14T09:04:09","date_gmt":"2019-03-14T09:04:09","guid":{"rendered":"https:\/\/noria-research.com\/?p=30634"},"modified":"2023-12-17T19:09:28","modified_gmt":"2023-12-17T18:09:28","slug":"the-economic-crisis-of-2018an-opportunity-and-a-testfor-the-turkish-presidency","status":"publish","type":"post","link":"https:\/\/noria-research.com\/turkey-program\/the-economic-crisis-of-2018an-opportunity-and-a-testfor-the-turkish-presidency\/","title":{"rendered":"The economic crisis of 2018, an opportunity and a test for the Turkish presidency"},"content":{"rendered":"\n

MARCH 2019<\/em>
NICOLAS RESSLER<\/cite><\/p>\n\n\n\n

Turkey has been facing a major economic crisis since 2018, characterized by currency depreciation and very high inflation. International investors\u2019 distrust of President Erdo\u011fan\u2019s economic policy, and the deterioration of diplomatic relations between Ankara and Washington, have pushed the Turkish economy into crisis while revealing its structural weaknesses: import dependency, private debt in foreign currency, and low levels of foreign direct investment in the country.<\/p>\n\n\n\n

This study, conducted in 2019 when the crisis is far from over, aims to show how it represents both an opportunity and a test for President Erdo\u011fan and the new regime in place. Indeed, it provides an opportunity to show a reorganization around the presidency of the economy, combined with a conversion of the Turkish regime to economic sovereignism. Secondly, it contributes to the transformation of the employers\u2019 field in Turkey, by influencing the balance built during the AKP\u2019s years of power with the T\u00dcS\u0130AD and M\u00dcS\u0130AD business\u2019s organizations.<\/p>\n\n\n\n

Finally, the political reaction to the crisis shows different ways of adaptation depending on the region, whether in Anatolia or in the Kurdish southeast, by relying on local entrepreneurial networks. While the economy still represents a pillar of the AKP\u2019s popularity, it has today also become, more than ever, a political instrument to legitimize the new presidential regime.
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