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The economy of Turkey is an emerging free-market economy. [36] It ranked as the 17th-largest in the world and 7th-largest in Europe by nominal GDP in 2024. [ 7 ] It also ranked as the 12th-largest in the world and 5th-largest in Europe by PPP in 2024. [ 7 ]
Turkey is a founding member of the Organization of Economic Cooperation and Development, a member of the G20 and the NATO, and a candidate for the European Union. [19] Turkey's location at the crossroads of Europe, Asia, and the Middle East has made it a strategic hub for trade and investment, but also a vulnerable target for economic turmoil.
Section 2, Article 9: "The Democratic Republic of Vietnam is advancing step by step from people's democracy to socialism by developing and transforming the national economy along socialist lines, transforming its backward economy into a socialist economy with modern industry and agriculture and an advanced science and technology".
Socialism is an economic system characterised by social ownership and control of the means of production and ... Communism in Turkey (5 C, 7 ... Anti-Capitalist ...
Turkey, [a] officially the Republic of Türkiye, [b] is a country mainly located in Anatolia in West Asia, with a smaller part called East Thrace in Southeast Europe.It borders the Black Sea to the north; Georgia, Armenia, Azerbaijan, and Iran to the east; Iraq, Syria, and the Mediterranean Sea to the south; and the Aegean Sea, Greece, and Bulgaria to the west.
It is a world-economy and it is by definition capitalist in form. Socialism involves the creation of a new kind of world-system, neither a redistributive world-empire nor a capitalist world-economy but a socialist world-government. I don't see this projection as being in the least utopian but I also don't feel its institution is imminent.
Throughout the Cold War, Turkey's most important ally has been the United States, which shared Turkey's interest in containing Soviet expansion. [29] [30] In support of the United States, Turkey contributed personnel to the UN forces in the Korean War (1950–1953), joined NATO in 1952, recognized Israel in 1948 and has cooperated closely with ...
While the emergence of the Soviet Union as the world's first nominally communist state led to communism's widespread association with the Soviet economic model and Marxism–Leninism, [46] [47] [48] some economists and intellectuals argued that in practice the model functioned as a form of state capitalism, [49] [50] [51] or a non-planned ...