TY  - JOUR
TI  - A COMPARISON OF THE BILATERAL ECONOMIC RELATIONSHIP BETWEEN TURKEY AND BRITAIN FOR THE FIRST AND SECOND GLOBALISATION ERAS
AB  - The First Globalisation Era of the late 19th century following the United Kingdom (UK) based Industrial Revolution, shaped the bilateral economic relationship between Turkey, formerly, Ottoman Empire and the UK, formerly, British Empire, including both bilateral trade and direct investment flows. On the other hand, in the Second Globalisation Era, following the Information and Communications Technology revolution, in late 20th century, bilateral economic relations gained a new dimension, where “more equal relationships” were observed between the two parties. The aim of this paper is to analyse and compare the bilateral Turkish-English economic relationship including both international trade and foreign direct investment in these two globalisation eras in order to emphasise the main differences and similarities as well as the magnitude of changes affecting these economies. It is found out that the industrial revolution in the UK did not shape the economic order only but also shaped the bilateral economic relationships between the so called “centre and periphery”. In this regard, in the Second Globalisation Era after 2001 with the changing place of the Britain Empire in the new Globalisation Era “more equal relationships” between two parties compared to the First Globalisation Era is found out, at least in terms of international trade.
AU  - HAYALİ, Ayça SARIALİOĞLU
AU  - SÖNMEZ, Yöntem
DO  - 10.18092/ulikidince.1004333
PY  - 2021
JO  - Uluslararası İktisadi ve İdari İncelemeler Dergisi
VL  - 0
IS  - 33
SN  - 1307-9832
SP  - 245
EP  - 262
DB  - TRDizin
UR  - http://search/yayin/detay/465524
ER  -