Since 2000, relations regained its historically fluctuating pattern and this continues to characterize the nature of relations between Turkey and Israel today. When Turkish-Israeli relations were formalized in March 28, 1949, Turkey became the first Muslim state to recognize the state of Israel; however, relations were kept at a minimum level for decades. From 1949 to the early 1990s, relations were very fragile and followed a fluctuating pattern. This pattern was replaced by the “honeymoon years” starting from the late 1990’s. The late 1990s marked by the soft coup of 1997, also known as the “February 28 Process,” constituted an exception in the pattern and level of relations between Turkey and Israel. Since 2000, relations regained its historically fluctuating pattern and this continues to characterize the nature of relations between Turkey and Israel today.

It was in 1965 when İsmet İnönü, former Turkish president and leader of the Republican People's Party (CHP), defined the CHP's position in Turkish politics as the "left of center."

Since 1960, nineteen Standby arrangements have been signed. With these agreements, significant progress has been made in Turkish economy: inflation has fallen to the lowest level since 1986, the public debt-to-GNP ratio has been falling, and interest rates have declined rapidly. IMF’s immediate goals concern exchange rate stability and balance of payments, and evaluations of IMF programs tend to concentrate on these two objectives. Yet, whether or not the IMF programs have positive effects on these short-term goals, what ultimately matters is that they induce economic growth and do not concentrate on incomes.