Cover image for Foreign Investment in the Ottoman Empire : International Trade and Relations 1854-1914.
Foreign Investment in the Ottoman Empire : International Trade and Relations 1854-1914.
Title:
Foreign Investment in the Ottoman Empire : International Trade and Relations 1854-1914.
Author:
Geyikdagi, V. Necla.
ISBN:
9780857719430
Personal Author:
Physical Description:
1 online resource (240 pages)
Series:
Library of Ottoman Studies
Contents:
Contents -- List of Tables -- List of Illustrations -- Acknowledgements -- Foreword -- Preface -- 1. The Pre-Nineteenth-Century Ottoman Economy -- Economic Mentality -- Economic Disintegration -- Why could the Ottoman Economy not Industrialize? -- Attempts to Industrialize in the Nineteenth Century -- Foreign Influence on Ottoman Economic Thought -- The 1838 Anglo-Ottoman Trade Convention -- The Impact of Trade Agreements on Trade and Industry -- 2. Foreign Capital: Borrowing -- First Attempt at Borrowing -- The Persistence of Financial Crisis and Foreign Loans -- The Road to Bankruptcy -- The Ottoman Public Debt Administration -- The Distribution of Foreign Debt by Country -- 3. Foreign Capital: Direct Investments -- Motives for Foreign Direct Investment -- Capital-Exporting Countries -- 4. The Distribution of Foreign Direct Investment by Sector -- Railways -- Banks and Insurance Companies -- Ports and Docks -- Urban Services -- Mining -- Industry and Trade -- 5. Foreign Investment Policy and Political Risk -- The Ottoman Attitude towards Foreign Capital -- Political Risk -- 6. Concluding Remarks -- Notes -- Bibliography -- Index.
Abstract:
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._x000D_ _x000D_ '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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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