Turkey’s Achilles Heel: The Economy
In Turkey today, as President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu wrestle over who governs, the political uncertainty they are creating may be a ground tremor about to generate an earthquake. The earthquake, however, may not only be political in nature; it may also be economic.
Turkey’s remarkable economic growth is now in jeopardy. Its economy is drifting, beset by contrary winds of economic policies and political wrangling. There is a clear track forward, but to reach the next level of prosperity, the government must undertake a major new effort.
Ivan L. G. Pearson’s In the Name of Oil: Anglo-American Relations in the Middle East, 1950-1958 provides a comprehensive analysis of the extent to which British interests in the Middle East influenced or were furthered by the United States between 1950 and 1958.