The Impact of the US Political Economy Approach on Guiding International Lending to Turkey's Regional Policy (Case Study of the AKP's Reign)

Document Type : Original Article

Authors

1 Associate Professor, Department of International Relations, Allameh Tabatabaei University, Tehran, Iran

2 PhD Student in International Relations, Allameh Tabatabaei University, Tehran, Iran (Corresponding Author)

Abstract

Since the end of World War II and the advent of the Bretton Woods system, lending, credit flows, and foreign investment have become major tools in promoting or weakening economies. US hegemony uses the mechanism of guiding international loans to determine the position of countries in the world system. Turkey has achieved high economic growth in the last two decades since the beginning of the rule of the AKP by using international loans and credits, and to maintain foreign investment as the main engine of economic growth; It has reconsidered its regional policy. Therefore, the purpose of the research; Investigating the Impact of Foreign Investment, International Loans and Credits on Turkish Regional Policy Guided by the US Federal Reserve. The main research question is as follows; How has the flow of lending for economic growth in Turkey, which initially sought a zero-problem policy with its neighbors, changed Turkey's foreign policy? This research is of explanatory-case type and in terms of development goal that uses statistical data from main sources in a logical way. Research findings show that; The main variable in Turkey's economic growth during the rule of the AKP was international loans under the guidance of the Federal Reserve, and finally, by taking Turkey's economic growth hostage by threatening to cut the loan chain, the AKP was forced to join US Middle East policy has done.

Keywords

Political Sociology of Iran
Volume 5, Issue 10
December 2022
Pages 2852-2873

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