Chapter 10 Political and Institutional Influences on the Legal Formation of Nascent Markets: Incorporation of Islamic Banking and Organic Agriculture within the Legal System in Turkey, 1984–2015

Abstract

Abstract This study examines the legal codification of nascent markets, specifically, the process of defining and incorporating Islamic banking and organic agriculture within the legal system in Turkey. I find that actors’ priorities differ significantly with respect to formal codification and that the existing legal order and socio-political and economic contexts shape how state and non-state actors influence legislative and regulative action. This study contributes to our understanding of how actors and their ideological commitments and relational concerns affect the legal formulation of new industries.