The Organization of Turkic States’ Economic Potential and Cooperation Prospects among its Members

Year 2022, Volume: 27 Issue: 1, 53 - 73, 26.07.2022

Orkhan Baghırov

Abstract

In recent years, the Organization of Turkic States (OTS) has signi!cantly increased its global in"uence and has attracted new member and observer states. In this process, its economic potential has played an important role. Thus, the main goal of this article is to analyze the OTS’ present economic potential and the extent of economic cooperation within the organization, and to determine the future prospects of such cooperation. For this purpose, the article examines the economic potential of OTS member and observer states and the total potential of the organization by focusing on major economic sectors such as trade, transport and energy. It then analyzes the current extent of cooperation among member and observer states in these sectors. Based on the results of these analyses, the article determines the OTS’ economic cooperation prospects and discusses the measures that could be taken for the further development of cooperation within the OTS. In general, the results of the research presented in the article reveal that the OTS has a large and comprehensive economic potential, and that despite the level of economic cooperation that has already been achieved within the organization, there are many unrealized
opportunities. Therefore, the economic prospects and measures identified in the article could enable member and observer states to focus on those opportunities, thereby increasing the economic strength of the OTS.

Keywords

Organization of Turkic States, economic cooperation, Middle Corridor, energy, Turkic world

References

• References are indicated in the article.