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Turkey at a crossroads: Will it turn to the East or West?
  + stars: | 2023-06-06 | by ( Idil Karsit | ) www.cnbc.com   time to read: +2 min
Turkey joined NATO in 1952, formally cementing its place in the free world and within the Western fold. The two countries doubled their trade to $68 billion in 2022, despite sanctions on the Russian economy by Turkey's NATO allies. "This creates a system in which midsize players have more space to conduct partially independent foreign policies from the United States," she explained. "As the United States is less interested to play the regional politics, I think Turkey becomes an important actor — a stabilizing actor," he added. As Erdogan secures a third term in office, Turkey is at a crossroads: will it pivot to the East or West?
Persons: Recep Tayyip Erdogan, China —, Senem Aydin, Talha Kose, Erdogan Organizations: NATO, Shanghai Cooperation Organization, China, United, Sabanci University, Foundation for Political, Social Research Locations: Turkey, Ottoman, Russia, United States, China, India, Turkish
CNN —Turkish President Recep Tayyip Erdogan has stretched his rule into a third decade after Sunday’s presidential election victory. Are you ready to win both Uskudar (a large district in Istanbul) and Istanbul in the local elections in 2024? Then let’s not stop.”By winning back Istanbul, Erdogan means having it governed by a mayor from his Justice and Development (AK) Party. Before beginning his term as prime minister in 2003, Erdogan was himself mayor of Istanbul between 1994 and 1998. The opposition beat Erdogan by nearly three points in both Istanbul and Ankara in Sunday’s presidential runoff.
Persons: Recep Tayyip Erdogan, Erdogan, ” Erdogan, Ekrem Imamoglu, Imamoglu, Kemal Kilicdaroglu, Berk, “ Imamoglu, ” Esen, you’ve, you’re, ” Imamoglu, , MetroPoll, Erdogan “, Soner Cagaptay, ” Cagaptay, Canan Kaftancioglu, Esen, , Turkey ’ Organizations: CNN, Uskudar, , Istanbul, Development, Party, Welfare Party, AK Party –, Republican People’s Party, Sabanci University, , Analysts, Electoral, Rights Watch, Washington Institute for Near East, Foreign Affairs, Union of Chambers, Commodity Exchanges, Erdogan’s Locations: Istanbul, Ottoman Empire, Turkish, Ankara, Sunday’s, CHP’s Istanbul, Izmir, Erdogan’s Istanbul, Turkey
The May 14 vote, which lands during the Turkish Republic's centenary year, is Erdogan's biggest test yet. At the same time, a global reversal in market liquidity left Turkey and other emerging markets starved for funding. But the economic crisis was damaging. This trend accelerated in 2013, wiping out big gains made in 2006-2010 during Erdogan's first decade in charge. "If Erdogan wins the election and continues his economic policy it will come to a complete crash at one point.
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