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Abstract

This chapter explores the transformations in the international order and the responses of emerging powers to the on-going shifts with specific reference to Turkey and BRICS (Brazil, Russia, India, China and South Africa). The global diffusion of power and the accompanied rise of non-Western economies are contributing to the emergence of a new world dis-order. This chapter offers a push-and-pull framework to account for the changing forms of state-market relations in the developing economies in a changing global system. 1 It maintains that internal crises of the neoliberal economic paradigm constitute the “push” dynamics for countries located in the periphery of global capitalism and liberal international order. This chapter, furthermore, suggests that the “pull” dynamics also inform the emerging economic and political regimes in the developing countries. Accordingly, in the post-hegemonic era, emerging great powers – such as China and Russia – seem to have demonstration effects for developing countries with their distinct economic and political models – defined by some researchers as “state capitalism.” The chapter suggests that new forms of developmentalism in the emerging great powers make their way to other late-developers with particular reference to the Turkish political economy. The rest of the chapter proceeds as follows. The following section focuses on the internal crises of liberal market economy and liberal democracy. The third section discusses the rise of BRICS with particular reference to alternative developmental models put into implementation in these polities. The fourth section discusses the paradoxes and contradictions of state capitalism in the emerging world with reference to the Turkish case. The final section concludes the chapter.

Publication Type:	Book Section
Additional Information:	This is an Accepted Manuscript of a book chapter published by Routledge in Turkey's Pivot to Eurasia: Geopolitics and Foreign Policy in a Changing World Order on21 May 2019, available online: https://doi.org/10.4324/9780429023064.
Subjects:	J Political Science > JN Political institutions (Europe) J Political Science > JQ Political institutions Asia J Political Science > JZ International relations
Departments:	School of Policy & Global Affairs > International Politics

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