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All Journal Jurnal Online Mahasiswa (JOM) Bidang Keguruan dan Ilmu Pendidikan Gadjah Mada International Journal of Business CaLLs : Journal of Culture, Arts, Literature, and Linguistics ABDIMAS SILIWANGI Jurnal Pendidikan Teknologi Informasi dan Vokasional Prima Abdika: Jurnal Pengabdian Masyarakat Journal of Comprehensive Science Inclusive Society and Sustainability Studies (ISSUES)
Santi Rahmawati
Faculty of Economics University of Indonesia
Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Environmental Science Languange, Linguistic, Communication & Media Library & Information Science Mathematics Social Sciences Other

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Journal : Inclusive Society and Sustainability Studies (ISSUES)

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A Review of the Impact of Post-2010 International & Regional Political Developments on the Downturn of Turkey's Economy Neslinebi, Seyfeddin; Rahmawati, Santi
Inclusive Society and Sustainability Studies Vol. 4 No. 2 (2024): December Volume
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/issues.v4i2.2974

Abstract

In the post-2010 era, Turkey faced a volatile geopolitical landscape marked by the Arab Spring, the Syrian Civil War, shifting alliances, and heightened tensions with Western countries. These political challenges have had significant economic repercussions, including declining foreign direct investment, deteriorating currency stability, and decreased investor confidence. Additionally, domestic political shifts have exacerbated Turkey's financial vulnerabilities, such as consolidating power under President Recep Tayyip Erdogan and increasing centralization of economic decision-making. This study examines the effects of regional and international developments (European Union, the United States, Russia) since 2010 on the decline of the Turkish economy. Literature review approach were used to gather relevant academic papers, reports, and other secondary data. The thematic analysis was taken to make this research more comprehensive and cover the pivotal aspects. The findings highlight the need for policy reforms to navigate international political tensions and financial recovery. The research underscores the intertwined nature of politics and economics in Turkey, demonstrating how political instability has deepened the economic downturn. Moreover, Turkey is geopolitically within active social structures and has powerful political, social, and economic relations with Western and Eastern societies. Therefore, any event that develops in the East or the West can quickly and effectively affect Turkey's political, social, and economic structure.
Co-Authors Agus Santoso Augusta, Yofan Saman Cynthia A. Utama Eny Sulistyaningrum Febriyanti, Rahma Gani Haryana Gjoer, Fadila Rahma Hamidah, Imroatul Henny Indrawati Lutfi, Fahmi Mahbubah, Khoiro Neslinebi, Seyfeddin Prafianti, Rayinda Aseti ROSIVA ROSDIANA, SILVI Samsul , Samsul Simanjuntak, Manlian R. A.