Emerging Trade Partnership between the South Korea and Turkey: The Case of Defense Industry

Yıl 2016, Cilt: 12 Sayı: 23, 137 - 162, 05.04.2016

Engin Akman

Öz

Defense is a crucial
industry that nations invest for economic and strategic reasons. The world
allocates 2.3% of gross domestic product for defense expenditure. Global trends show that developing countries increase their share
in defense markets. Developing countries are expected to have more significant
effect on the future of defense markets and therefore, understanding the
cooperation between those countries is important in the realms of defense literature.
The current study is focused on the issue of defense industry partnership
between two emerging nations, the South Korea and Turkey, which hasn’t been
addressed adequately. Both countries have compatible bases and products that make
defense collaboration easier. Joint development and production are on the rise
between the two countries, which formerly greatly depended on direct
procurement.The case of the South Korea and Turkey is a successful example of
trade partnership that has strong prospects.

Anahtar Kelimeler

Defense Collaboration, Defense Procurement, Korea, Turkey