When Turkey’s prime minister, Recep Tayyip Erdogan, met President Obama at the White House on Thursday, the most pressing topic was the war in Syria. Turkey has not faced a threat on this scale since Stalin demanded territory from the Turks in 1945.
In 2011, the Turkish government severed all diplomatic ties with the government of Bashar al-Assad and began to support the Syrian opposition groups seeking to oust him. But, thus far, this policy has failed, and it has exposed Turkey to growing risks, most recently two deadly bomb attacks in the Turkish border town of Reyhanli that were most likely planted by pro-Assad forces in retaliation for Turkish support of the Syrian rebels.
Turkey’s blessing over the past decade has been its reputation as a stable country in an otherwise unstable region. In November 2012, the global ratings agency Fitch rated Turkish bonds investment-grade for the first time since 1994. The country’s improved international reputation has alleviated a chronic economic problem: lack of capital. A steady infusion of foreign investment for over a decade has ushered in phenomenal growth, at some points exceeding 8 percent annually, and propelled Turkey into the Group of 20 industrialized nations.
Turkey has become a majority middle-class society for the first time in its history, helping Mr. Erdogan’s Justice and Development Party win three successive elections since 2002.
But the war in Syria threatens these gains, and Mr. Erdogan’s political future. Turkey will not be immune to the fallout from a Somalia-style failed state next door — or from a rump Assad regime seeking revenge against Turkey for supporting the rebels. Turkey grows because it attracts international investment; and Turkey attracts investment because it is deemed stable. A spillover of the mess in Syria risks ending the country’s economic miracle.
Soner Cagaptay & James F. Jeffrey
The New York Times, United States