Turkey: A New Economic and Active Foreign Policy

6
Turkey: A New Economic and Active Foreign Policy
// The Year of the Planet. 2024. Yearbook-2024. P. 228-235

Abstract. In 2024, Turkey continued to review monetary policy, moving from a low Central Bank rate that had persisted for a long time to a sharp increase. So far, it has not been possible to reduce inflation, but even in these conditions, the country’s economy is growing. In the political sphere, the authority of the ruling AKP was weakening, and it suffered defeat in the municipal elections. Opposition forces have questioned the course towards Islamization of the country. There has been an intensification of supporters of the secular path of development, especially in the ranks of the Turkish army. Throughout the year, Turkey has pursued an active foreign policy. Despite the dissatisfaction of its NATO partners, it applied to join the BRICS. At the same time, the course towards ever closer rapprochement with the Turkic-Muslim states of the former USSR continued.The most significant results of Turkey’s foreign policy in the Middle East include the successful actions of the Turkish-backed Islamists in Syria, the defeat of the Assad government forces, the pro-Iranian Hezbollah forces, Shiite detachments and Iranian units, which led to the collapse of the Iranian “axis of resistance”. However, in the course of further expansion in the region, Turkey will have to face both the Syrian Kurds and the United States, which does not intend to withdraw its bases from Syrian territory. In its relations with Russia, Turkey continues to strengthen trade and economic ties and to some extent take into account the Russian position on controversial issues.

Keywords: monetary policy, Central Bank’s key rate, AKP defeat in local elections, R. Erdogan, Ayhan Bora Kaplan, ISIS, PKK, saber oath, Hakan Fidan, BRICS, NATO, OTG, Syria, Hezbollah, Israel


For citation:
Nadein-Raevskii V. Turkey: A New Economic and Active Foreign Policy. The Year of the Planet. — 2024, pp. 228-235



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