<![CDATA[Turkey enjoys a strategic position as a link between Asia and Europe, and a long history stretching from the Ottoman Caliphate to its secular republic under Mustafa Kemal Atatürk. Since the victory of the Justice and Development Party (AKP) led by Recep Tayyip Erdoğan in 2002, Turkish economic policy has undergone significant changes. This study aims to analyze the development of Turkish economic policy during Erdoğan's administration, encompassing periods of economic growth, the challenges of the crisis, and the development of the Islamic financial sector. The method used is a literature review, reviewing various scientific sources, such as journals, books, and relevant research reports. The results show that during the 2002–2013 period, the Turkish economy experienced rapid growth, characterized by an increase in per capita income, a decrease in the ratio of public debt to gross domestic product (GDP), and increased foreign direct investment. However, in the 2013–2023 period, the Turkish economy faced various challenges due to geopolitical tensions, international sanctions, and unconventional monetary policies, triggering high inflation, reaching 85.5% in 2022. Meanwhile, the government continued to encourage the strengthening of Islamic finance through the development of banking participation, optimization of waqf assets, and the use of zakat as a social protection instrument. This study concludes that Erdoğan's leadership has brought significant economic transformation to Turkey, both through various achievements and challenges faced.]]>
Copyrights © 2026
