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Abstract
This paper examines the influence of geoeconomic policies on development. The new age is characterized by not political or ideological rivalry but by economic competition. States do not aim at conquering lands but rather at dominating and controlling markets. That process brings the discussion that the age is whether a geoeconomic age or a neo-mercantilist age with the writings of pundit writers of geoeconomics in terms of the economic policies of developed and developing countries. In the geoeconomic world developed countries mainly apply neo-mercantilist policies towards the developing countries, and as a response developing countries that were “second orders” or “middle powers” of the geopolitical era generate their own regional geo-mercantilist policies and closer economic relations with neighbor countries.Turkey’s strategic and geopolitical importance is continuing with its geoeconomic importance in the new era. Since the 1980s Turkey’s growth and industryoriented policies have shifted from the realm of public policy to a market-driven domain. And later, with the collapse of the USSR and the end of the Cold War, the “Iron Curtain” around Turkey has absented. These two transformations gave Turkey a great chance with her historical, cultural and economic ties to form a geoeconomic space and to become an engine of regional development.This study investigates the importance of Turkey for regional development with its geoeconomic policies in terms of energy. trade, and investment policies. Turkey as a bridge or a frontier between East and West could play an effective role. For Eastern Europe, Turkey will create a catalyst effect as a bridge, however, its effect will be an impediment as a frontier.
Highlights
The central argument of this theoretical paper is that in the new world order geoeconomics is the primary instrument of states'economic policies
My argument rests on the proposition that second order states (Turkey is taken into consideration in this paper) will play an effective role in the geoeconomic world with their geographical position, population and economic potential
This means the creation of a trans-regional integrative formation. This is the first large integrative formation corresponding to the post-confrontational stage of development of the world economy, which is able to unite countries with different political and economic orientations (Danko, 2004). Turkey, standing as it does at the geo-center of the Eurasian world and at the juncture of strategic energy transportation routes, is destined to play a critically important rote in any energy trade between the Eurasian suppliers and the European consumers - a rote which requires wisdom, creativeness and strategic thinking on the part of Turkish leadership given the magnitude of the existing political sensitivities and economic problems in the region
Summary
This paper examines the influence of geoeconomic policies on development. The new age is characterized by not political or ideological rivalry but by economic competition. In the geoeconomic world developed countries mainly apply neo-mercantilist policies towards the developing countries, and as a response developing countries that were "second orders" or "middle powers" of the geopolitical era generate their own regional geo-mercantilist policies and closer economic relations with neighbor countries. With the collapse of the USSR and the end of the Cold War, the "Iron Curtain" around Turkey has absented. These two transformations gave Turkey a great chance with her historical, cultural and economic ties to form a geoeconomic space and to become an engine of regional development. This study investigates the importance of Turkey for regional development with its geoeconomic policies in terms of energy.
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