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TOWARDS A SYNTHESIS OF ISLAM AND THE MARKET ECONOMY? THE JUSTICE AND DEVELOPMENT PARTY'S ECONOMIC REFORMS IN TURKEY
Author(s) -
Acar Mustafa
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01888.x
Subject(s) - islam , turkish , government (linguistics) , free market , political science , turkish economy , economic justice , european union , political economy , economy , economics , economic policy , law , politics , philosophy , linguistics , theology
Turkey has some unique characteristics, one of which is that it is the only Muslim country seeking to join the European Union. Internally, it has been going through a new and challenging experience in recent years: implementing free‐market economic policies under a ‘Conservative Democrat’ government, the leadership of which comes from moderate Islamism. Many observers think that Turkish experience shows how Islam and the market economy are compatible. This article critically evaluates these reformist economic policies implemented since late 2002 and highlights the major factors behind Turkey's success story.