Foreign Investment in the Ottoman Empire : International Trade and Relations 1854-1914

Foreign Investment in the Ottoman Empire : International Trade and Relations 1854-1914

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As the borders of the Ottoman Empire crumbled throughout the latter half of the nineteenth century, unprecedented amounts of foreign capital poured in from investors who were eager to capitalize on the country’s sparsely regulated industries.Economist Necla Geyikdagi sheds light on the motives, means and policies which shaped foreign direct investment (FDI) in the Ottoman Empire throughout the late-nineteenth century.The book weighs political motivation against economic incentive in examining the trade policies of the major capital exporting countries.Drawing from key speeches on foreign trade policy, personal journals and popular publications, Geyikdagi provides unique insight into the network of foreign investors and politicians that lay behind the channels of direct investment within the ailing Empire. ‘I have taught the history of the late Ottoman Empire and the Middle East in the nineteenth and twentieth centuries for many years, and have been frustrated by the fact that there is still no suitable book that discusses the political economy of the region….Necla Geyikdagi’s book fills a huge gap. It will serve admirably for both use in a variety of courses as well as for any intelligent reader who wants to understand the political economy of the late Ottoman Empire, or indeed of the developing world.’ – Feroz Ahmad, Professor Emeritus of History, University of Massachusetts, currently affiliated to Yeditepe University