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Brics + T? Ȃ Turkey, As A Potential Member Of The Economicǧgrowth Leading Countries

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  • Fekete, Jozsef
  • Radics, Zsolt
  • Bujdoso, Zoltan

Abstract

“Next Eleven” is a frequently mentioned phenomena which refers to the 11 countries where growth has slowed down. (N-11). These countries may be able to follow the model of the BRICs and in the decade of 2010s the map of the world economy is rearranging, making the distribution of income more equitable. The main purpose of this research is to show the increasing signiϐicance of the Turkish economy in a global level. Also, to explain the current and possible upcoming role of Turkey in the word’s economy. The research is based on the great variety of English-language papers and material on the topic. The presentation part about the different economic features is based on researches by economic institutions, organizations, general and statistical data submitted by economic and regional development plans. Turkey will soon face a dilemma. It has to be decided whether to strive at all costs to become the EU’s new southeastern member state, or as opposed to that, evolve in “isolation” (in cooperation with the BRICS) to become a similarly significant economic power in the Middle East like the Ottoman Empire?

Suggested Citation

  • Fekete, Jozsef & Radics, Zsolt & Bujdoso, Zoltan, 2013. "Brics + T? Ȃ Turkey, As A Potential Member Of The Economicǧgrowth Leading Countries," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 6(1).
    • Handle: RePEc:ags:plecrs:264939
    DOI: 10.22004/ag.econ.264939
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    References listed on IDEAS

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    2. Felton, Andrew & Reinhart, Carmen M. (ed.), 2009. "The First Global Financial Crisis of the 21st Century Part II: June–December, 2008," Vox eBooks, Centre for Economic Policy Research, number p199.
    3. Elitok, Secil Pacaci & Straubhaar, Thomas, 2010. "The Turkish economy: A winner of the Euro crisis?," HWWI Policy Papers 3-14, Hamburg Institute of International Economics (HWWI).
    4. Sarikat Tandon & Swaha Shome, 2009. "The Cracks in the BRICS," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(4), pages 273-282.
    5. Kozak, Sylwester, 2012. "Changes In The Structure Of Products And Sales Channels In The Insurance Sector In Poland And In The European Union In Years 2002-2008," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 5(1).
    6. Bank, André & Karadag, Roy, 2012. "The Political Economy of Regional Power: Turkey under the AKP," GIGA Working Papers 204, GIGA German Institute of Global and Area Studies.
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