"Like the president he now serves, Anton doesn't understand how the global trading order actually works. Trade agreements are long and complicated today because they are no longer primarily concerned with reducing tariffs (which are already quite low). Instead, contemporary trade agreements are mostly about harmonizing labor, regulatory, environmental, and copyright standards across many different societies, precisely for the purpose of creating fairer competition between states. Agreements of this kind are very much in America's interest, because otherwise U.S. workers would have to compete with foreign industries where labor and environmental standards are much lower than they are in the United States."
Şevket Pamuk, Professor of Economics and Economic History, Bosphorus University, Turkey.
After more than half a century of economic development which has witnessed the rapid growth of manufacturing exports and investments abroad, Turkey now has a large and diversified private sector which distinguishes it from the rest of the Middle East.
This talk will discuss the role played by Turkey’s business elites in shaping the country's political and economic institutions.
This event is part of the fall 2013 seminar series led by MEI Visiting Scholar Djavad Salehi-Isfahani: "The Politics and Economics of Transition in the Arab World." For more information about this series, click here.
About Şevket Pamuk:
Professor Şevket Pamuk is Chair of Contemporary Turkish Studies at the European Institute, London School of Economics and Political Science. He is a leading economic historian of the Ottoman Empire, the Middle East and modern Turkey. He is the author of The Ottoman Empire and European Capitalism 1820-1913: Trade, Investment and Production (Cambridge University Press, 1987); A Monetary History of the Ottoman Empire (Cambridge University Press, 2000) and jointly with Roger Owen, A History of the Middle East Economies in the Twentieth Century (I.B. Tauris Publishers and Harvard University Press 1998). A collection of his articles on the Ottoman economy recently appeared as Ottoman Economy and Its Institutions (Ashgate-Variorum, 2008).
After attending high school in Istanbul, Pamuk graduated from Yale University and obtained his PhD. degree in Economics from the University of California at Berkeley. He has since taught at various universities in Turkey and the United States including Ankara, Pennsylvania, Villanova, Princeton, Michigan at Ann Arbor, Northwestern and beginning in 1994 at Bogaziçi (Bosphorus) University, Istanbul as Professor of Economics and Economic History.
Şevket Pamuk was the President of the European Historical Economics Society, an association of European economic historians, has been a member of the Executive Committee of the International Economic History Association, a member of the Standing Committee on the Humanities of the European Science Foundation and is a member of the Academy of Sciences of Turkey. He serves on the Editorial Boards of various academic journals including European Review of Economic History and The Journal of Economic History.