The economic policy of Turkey’s justice & development party – Quite ‘un-islamic’ in some aspects

Abstract

This article reviews the economic policy of Turkey’s ruling Justice & Development Party. We’ll see, that, contrary to the Islamic tenets, which it is bound to espouse, the Party has been making the country ever more dependent on the external sources of finance. On the one hand, the inflow of the foreign capital has fostered the rapid economic growth. But on the other hand, Turkey already is and obviously, will continue to be hostage to increased dependence on the inflow/outflow of funds from the outside.