If the Turkish government is able to resolve its political issues with the U.S., then speculative attacks on the Turkish economy are more likely to ease.
Turkey is ready to move to another level in the transformation trajectory of its democracy and development narrative under presidentialism by restructuring the public administration, macroeconomic governance and state-business-society relations.
The June 24 elections were the first general elections that were held in the aftermath of the failed military coup attempt on July 15, 2016, and as such they represented the dawn of democratic normalization and a potential end to the state of emergency that was declared after the coup.
As Turkey is going through a systematic transition, reforms and new initiatives in economics are required in order to sustain growth and development.
There are a couple of changes that Turkey can pursue within its transformation to a presidential system in order to restrcture its macroeconomic governance.
Major challenges require unconventional responses, and Turkey is preparing to produce an unconventional and comprehensive systemic response to the major and multifaceted challenges it faces in various areas.
As the new site of international hegemonic competition, East Asia perfectly reflects the multipolar character of the global system.
“Turkey’s economic governance architecture is robust enough to withstand domestic and international shocks and will weather many storms to come.”
The first mission for the leaders of the Islamic world would be to display unwavering solidarity with the Palestinian cause and oppose unilateral provocations to determine the international status of Al-Quds.
The economic impact of a sharp U-turn will be immense for both Tehran and its economic partners. But politically, Trump has been rallying against the deal since his presidential campaign, describing it as the “worst deal he has ever seen.” Hence he might well prioritize his own domestic credibility.