Foreign investment in the Ottoman Empire : international trade and relations 1854-1914 /
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 its sparsely regulated industries. Yet the abundance of literature concerned with the Empire's tu...
| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
London :
Tauris Academic Studies,
2011
London ; New York : New York : Tauris Academic Studies ; Distributed in the United States and Canada exclusively by Palgrave Macmillan, 2011 London ; New York : 2011 London : 2011 |
| Series: | Library of Ottoman studies ;
v. 27 Library of Ottoman studies v. 27 |
| Subjects: |
| Summary: | 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 its sparsely regulated industries. Yet the abundance of literature concerned with the Empire's tumultuous financial landscape has done little to examine the role of foreign direct investment within the country's ultimate attempt to modernize Drawing from political speeches, personal journals and popular publications, the socioeconomic implications of FDI across the Empire's heterogeneous population are explored. In hopes of attracting much-needed capital to finance modernization, the Tanzimat government's sweeping free trade reforms provoked widespread protest from Turkish intellectuals, military officers and religious scholars who expressed concern over the droves of foreign investors who flocked to the country's largely untapped wealth of natural resources. A synthesis of historical, economic and political analysis, Foreign Divestment in the Ottoman Empire offers an immensely valuable new perspective on the impact of FDI within the ailing Empire, and represents a significant contribution to Ottoman History more widely. --Book Jacket Economist V. Necla Geyikdagi here sheds light on the motives, means and policies which shaped foreign direct investment (FDI) in the Ottoman Empire. In addition to providing a general overview of the Empire's successive financial crises throughout the nineteenth century, she looks at the Ottoman Public Debt Administration which served as the guiding authority for foreign investment entering the country. The book weighs political motivation against economic incentive in an in-depth look at the trade practices and foreign policies of the major capital exporting countries. Delving into the tangled network of investors, foreign representatives and government officials, Geyikdagi identifies the key players in each sector of the Ottoman economy. As investors channelled millions into the Empire's evolving infrastructure, FDI emerged as a complementary extension of international trade relations. From the railways to mining and manufacturing, Geyikdagi uncovers the hidden motives and political ambitions of commercial foreign entities |
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| Physical Description: | xiv, 218 p., 7 p. of plates : ill. (some col.), maps ; 22 cm xiv, 218 p., : ill. (some col.), maps ; 23 cm xiv, 218 p., [7] p. of plates : ill. (some col.), maps ; 22 cm xiv, 218 pages, 7 unnumbered pages of plates : illustrations (some color), maps ; 22 cm |
| Bibliography: | Includes bibliographical references (p. [199]-209) and index |
| ISBN: | 1848854617 (hbk.) 1848854617 9781848854611 (hbk.) 9781848854611 |