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201. The Rise of Islamic Capitalism: Why the New Muslim Middle Class is the Key to Defeating Extremism

Author:
Joseph Hammond
Publication Date:
01-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
On November 30, 2006, Catholic Pope Benedict XVI made a historic visit to the Sultan Ahmed Mosque in Istanbul. The Pope's historic visit to what tourists call the “Blue Mosque” was designed to symbolically ameliorate tensions caused by the Pope's controversial speech a few weeks prior in Germany. During the visit to the mosque, the Pope turned toward Mecca and gave a silent prayer for two minutes. As he and his entourage began leaving the mosque, the Papal leader pointed to an inscription on a wall and asked for the translation of the phrase written there, which was “A merchant is the beloved of God” or “al-kasib habiballah”.
Political Geography:
South Asia, Turkey, and Germany

202. Muslim Marriage in Western Courts: Lost in Transplantation

Author:
Ann Stewart
Publication Date:
01-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
Pascale Fournier's book addresses the highly contentious and complex relationship between multiculturalism, gender relations, and family law in liberal states. It adds to the rapidly growing body of legal scholarship that grapples with the legal consequences of cultural diversity within states that once may have contributed through colonialism to the creation of pluralist legal systems 'elsewhere.' Unfortunately, this scholarship tends to replicate the historical divide with too little attention paid to the rich analyses of 'law' by those working on and within legal systems in what can now be described as the 'global south.' Hopefully the series in which Fournier's book is published (Cultural Diversity and Law edited by Prakash Shah) will bridge this gap.
Political Geography:
United States, France, and Germany

203. Editor's Note

Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
As the spring issue of Insight Turkey goes to print the Middle East nears another great crisis or even a war. The Syrian quagmire may be the current harbinger of full-out war in the region. It has been a year since the uprisings started. The Syrian regime met the peaceful demonstrations of its people with violent and bloody repression. The Arab spring, it seems at the moment, got stuck in Syria where President Bashar Assad confronted the demands of his people for change with a violent crackdown. The well-known "mukhabarat state" of Syria did not bow to "people power," at least for the time being.
Topic:
Government
Political Geography:
Turkey, Middle East, and Syria

204. Charting Transitions in the Middle East: Lessons Learned from Tunisia and Egypt

Author:
Leila Hilal
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
The Arab revolts have resulted in deposed heads of state in Yemen, Libya, Egypt and Tunisia. Of these countries the latter two—Egypt and Tunisia—saw mass street protestors quickly topple entrenched autocrats without significant violence or foreign intervention. One year on, Egypt is still ruled by elements of the Mubarak regime with vested interests in the former order. It is also racked by political battles and economic troubles that are threatening its transition. Tunisia, on the other hand, is moving steadily closer toward a potential democratic consolidation. What explains the differences? This commentary discusses the prior institutional characteristics of the two countries. It then examines three areas of early transitional choices that contributed to Tunisia's progress and undermined Egypt's. In identifying lessons learned it makes the case that oppositional movements should avoid constitutional and institutional vacuums, establish broadly representative civilian-led transitional planning mechanisms, and follow appropriately-timed, transparent electoral sequencing.
Topic:
Economics
Political Geography:
Middle East, Libya, Yemen, Egypt, and Tunisia

205. The Syrian Quagmire: What's Holding Turkey Back?

Author:
Kadir Üstün, Erol Cebeci, and Can Özcan
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
The Assad regime has been playing all the diplomatic, political, and security cards it has accumulated over the past several decades. While keeping the violence under a certain threshold on a daily basis so as not to provoke immediate international action, the regime has benefited from the entangled and often conflicted international interests in Syria. The opposition has been unable to deal a serious blow to the regime and international pressure has so far yielded no major results. Though calls for international and regional action have recently intensified, there exists no clear international leadership or consensus on how to handle Syria. The Arab League and Turkey, along with other countries, have created the “Friends of Syria” group after the failure of the UN Security Council resolution on Syria, but Russian and Iranian backing for the Assad regime is seriously limiting options. Given its support for the people against authoritarian regimes during the Arab Spring and its anti Assad stance, expectations for Turkey to “do something” are increasingly more pronounced. So, what's holding Turkey back?
Topic:
Security
Political Geography:
Russia, Iran, Turkey, and Syria

206. Monetary Policy of Central Bank of the Republic of Turkey after Global Financial Crisis

Author:
Erdem Başçı
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
The recent global financial crisis presented substantial challenges and lessons for all economic agents. One of the most important lessons learned was the indispensability of financial stability for the smooth functioning of the economy as a whole. The Central Bank of the Republic of Turkey (CBRT), being aware of the conditions that new global economic conjuncture necessitates, decided to modify its existing framework of inflation targeting by adopting a new policy by using required reserve ratios and interest rate corridor. The new policy mix approach preserves the main objective of achieving and maintaining price stability while safeguarding financial stability as a supporting objective.
Topic:
Disaster Relief
Political Geography:
Turkey

207. Insight Greece: The Origins of the Present Crisis

Author:
Vassilis K. Fouskas
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
This commentary counters conservative, liberal, and social democratic explanations about Greece's sovereign debt crisis. It advances an original analysis as to what the sources of the Greek debt are and what steps should be taken in order to emerge successfully from it. The argument put forth is that responsibility for the country's debt should be placed squarely on the shoulders of Greece's two main parties ruling the country since 1974 (New Democracy and PASOK) in conjunction with the Euro-Atlantic political elites, the inter-section of which is straddled by a compradorcum financial oligarchy Greek style. The solution is a debtor-led default and immediate exit from the eurozone. But, it is maintained that this cannot take place under the aegis of the old two-party corrupt regime.
Political Geography:
Greece

208. Refining the Story of the Financial Crises in Europe and the USA

Author:
Murat Yülek and Anthony Randazzo
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
A significant amount of research has already been made about the financial crisis. But a midterm primer is nevertheless necessary; it is critical to assess the nature of the crises to ensure that the proper lessons are learned. This article aims to present a history on the causes of the financial crisis that first emerged in the U.S. in 2007. Then it will analyze the roots of the current state of the economic crisis in Europe and the U.S. It will also assess the effects of the crises on the European and American economies. Consequently, a range of topics are discussed in the article, some of which have received deeper treatment elsewhere in economic literature, but have not been pieced together to provide a coherent past and present picture of the situation. The article concludes briefly on how this story relates to today's economic environment and the next steps that need to be taken going forward.
Topic:
Economics and History
Political Geography:
United States, America, and Europe

209. The Political Origins of the Greek Crisis: Domestic Failures and the EU Factor

Author:
Dimitris Tsarouhas
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
This article argues that the origins of the Greek malaise are primarily political rather than economic and rooted in the delay, postponement, and half-hearted implementation of public policy reforms that preceded the crisis. The 2007-08 global economic crisis triggered market scrutiny over Greece, as it brought to an end a period of abundant liquidity and a relaxed attitude by global markets vis a vis Eurozone members. Greece's impossible fiscal position was brutally exposed, and a downward spiral began. The article also argues that although Greece set itself up for failure, the Eurozone's inability to act swiftly and early, to diagnose the problem correctly and to combine a policy mix consisting of budgetary consolidation and policy reform further exacerbated the problem. Despite the fact that disorderly default has been avoided and a sense of normalcy has returned, Greece has to move swiftly on the reforms front to avoid disaster.
Topic:
Economics
Political Geography:
Greece

210. The Changing Dynamics of Turkey's Relations with Israel: An Analysis of 'Securitization'

Author:
Ali Balcı and Tuncay Kardaş
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
The present study seeks to answer the following questions: How was it possible that a state such as Turkey, which had until then pursued a low-profile policy in the Middle East, has able to forge a bold strategic alliance with the state of Israel in the 1990s? Conversely then, why was the unparalleled and positive nature of relations in the 1990s replaced by a hostile and toxic nature in the first decade of the 2000s? How can this difference in the relations between the 1990s and 2000s be explained? To answer such questions, this article uses the Copenhagen School's theory of securitization. This approach not only helps to illustrate the characteristics of different periods in Turkish-Israeli relations, it also helps to highlight the specificity of the politics of civil-military relations in foreign policy making.
Political Geography:
Turkey, Middle East, and Israel