FP : Adam Tooze: Why in Turkey It’s Not the Economy, Stupid Erdogan’s monetary policy is a disaster, but Turks keep voting for him

 

Adam Tooze: Why in Turkey It’s Not the Economy, Stupid

Erdogan’s monetary policy is a disaster, but Turks keep voting for him.

By Cameron Abadi, a deputy editor at Foreign Policy. 

FP subscribers can now receive alerts when new stories written by this author are published. Subscribe now | Sign in

People look from their windows as Turkish President Recep Tayyip Erdogan speaks at his final election campaign rally in Beyoglu, the district of his childhood, in Istanbul.

People look from their windows as Turkish President Recep Tayyip Erdogan speaks at his final election campaign rally in Beyoglu, the district of his childhood, in Istanbul, on May 13. JEFF J MITCHELL/GETTY IMAGES

MAY 19, 2023, 2:59 PM

With high inflation and dwindling foreign reserves, Turkey doesn’t offer the most auspicious economic circumstances to an incumbent running for reelection. And yet Turkey’s president, Recep Tayyip Erdogan, came ahead of his main rival in last weekend’s presidential vote. He’s expected to win the second round scheduled for the end of this month. The shaky state of the Turkish economy is the product of the unorthodox economic policies Erdogan has put into practice over the past 20 years. But those policies may also be the key to his continued electoral success.

(Bu yazının devamı için abone olmak gerekiyor.)