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The Importance Of The Levant In The World Economy By Mehmet Bulut

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The first chapeter of the book is an introduction given by Mehmet Bulut. Main issues and arguments will start from the second chapter which has been written by Mehmet Bulut and titled: “The Importance of the Levant in the World Economy during the Early Modern Times”. In this chapter author mainly explains most important factors of the Turkish relations with European and Middle Eastern countries in the period of Ottoman reign. As author describes Ottoman Empire and European countries had close relation economically. In the sixteenth and seventeenth centuries many merchants were active in the trade of both bulky good and luxury commodities. The Ottoman exports mostly consisted of raw materials for textile production and imports consisted of raw materials used in war and weapons from the Western Europe. Ottomans opened their markets to French, English, and Dutch merchant who were the most active in Europe. The most important were Levant and the Silk Route in the trade between the Asia and Europe. Silk Route started from China and India and continued till Europe, passing through Central Asia, Levant, and Anatolia. …show more content…

A GCE Analysis for Free Trade in the D8” written by Mustafa Acar agues about free trade between the OIC countries. OIC is the second inter-governmental organization in the world after the United Nations. Organization of the Islamic Conference (OIC) includes 22.5 percent of world population, 6.6 percent of world GDP, and 9.1 percent of world trade, more than 70 percent of oil and nearly 50 percent of natural gas reserves of the world. Turkey, Iran, Nigeria, Indonesia, Malaysia, Egypt, Pakistan, and Bangladesh are the members of D8 (Developing 8) countries. Free trade between these countries will be beneficial and it will increase the trade volume and will bring welfare gains to each

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