First published on Ahval on 15 August 2018
Turkey under the rule of the Justice and Development Party (AKP) was a beacon of hope for many Muslim countries and emerging markets. The Turkish economy grew rapidly over the past five years, following the examples of Brazil, China and India.
But this trend was turned upside down less than two months after Recep Tayyip Erdogan was re-elected president. Erdogan’s Turkey has now stumbled into new financial and diplomatic crises. When the presidential and parliamentary elections took place on June 24, Erdogan’s new Turkey – Turkey 2.0 – emerged from the Kemalist Republic: old Turkey – 1.0 – was upgraded from a parliamentary to an executive presidential system.