"DEBATING NEW TURKEY" Panel I: Turkish Politics: Quo Vadis?  Panel II: Turkey's New Regional Activism Panel III: Turkish-American Partnership Date: December 3, 2010 Venue: Washington, D.C.   

Turkey is enthusiastic to playing a driving and constructive role in transportation of the Caspian, Middle Eastern and Central Asian hydrocarbon resources to Europe and World Markets.

Changing patterns or direction in Turkey’s exports and imports could serve as a well-qualified parameter in order to assess the so-called shift in the country’s orientation.

The activism of late observed in Turkish foreign policy demonstrates a clear preference for a regional approach to international relations. It has been almost a mantra for Turkey’s new foreign policy elite to promote regional actors’ ownership of economic and security affairs in their own neighborhood. Various such initiatives that Turkey has been spearheading recently in its adjacent regions, including the Middle East, Caucasus, Balkans and beyond, underscore Turkey’s emergence as a regional power willing and able to assume leadership roles in those regions. Turkey has been pursuing customs and visa liberalization with many of its neighbors, while initiating strategic cooperation councils with others. Similar to Turkey’s initiation of the Organization of the Black Sea Economic Cooperation in the 1990s, Turkey has also launched a Caucasus Stability and Cooperation Platform. Complementing these efforts are various other bilateral or trilateral processes under its patronage, such as the ones between Bosnia and Herzegovina and Serbia, or between Afghanistan and Pakistan.

Turkey is among emerging economies that have experienced sharp declines (in the form of structural changes) in the level of inflation rate since the mid-1990s. Motivated by the availability of better data on financial system characteristics and distributional measures, this brief explores the distributional and welfare impacts of the recent reduction in inflation on the Turkish economy. In particular, the extent of financial dollarization and the inequality in the distribution of demand and term deposits are documented. This brief points out that apart from the classical adverse effects of inflation such as price distortions and wealth eroding; redistributive effects of inflation might be created by the particular way that the fiscal policy responds to the monetary policy.

There are many reasons to be hopeful about the election results in Bosnia and Herzegovina. After a very long time the Social Democratic Party (SDP) received the highest number of votes in the Bosniak-Croat Federation, and on the state level pulling in interethnic votes by re-electing Ivo Komsic, the Croat member of the Presidency. The election of Bakir Izetbegovic, the son of the legendary leader of the Bosniak independence movement, Alija Izetbegovic, is also a positive development. Bakir Izetbegovic is considered a moderate compared to the former Bosniak member of the Presidency, Haris Silajdzic, who regularly spoke of putting an end to Republika Srpska, further straining relations between Sarajevo and Banja Luka.

SETA PUBLIC LECTURE Chair:       İhsan Dağı, METU Speaker:       Roger Cohen Date: October 21, 2010 Thursday Time: 16.00 Venue: SETA Foundation, Ankara

CONFERENCE Organized by Yildiz Technical University Faculty of Economics and Administrative Sciences Turkey’s Ministry of Foreign Affairs Strategic Research Centre (SAM) Politics, Economics and Social Research Foundation (SETA) Global Political Trends Center (GPOT) Istanbul Chamber of Commerce (ITO) USA Consulate General of Istanbul Date: 15-16 October 2010 Venue: Yildiz Technical University Presidential Hall