Use/misuse of Chinese BRI investment? BRI-related crony capitalism in Turkey

Abstract

ABSTRACT Crony capitalism as a type of capitalism entailing the close relations of political authorities and business circles based on mutual profit maximization is not a new phenomenon in Turkey. However, crony relations have accelerated with the Justice and Development Party (Adalet Kalkınma Partisi – AKP) rule. Despite growing scholarly work on crony relations in the AKP era, the literature remains inward-oriented without analysing the external dimension of crony capitalism, which this article intends to alleviate by providing an analysis of crony capitalism and bringing back the external dimension through an analysis of Belt and Road Initiative (BRI)-related crony relations. It argues that the case of Turkey demonstrates how the BRI is used to feed instrumental cronyism without the promotion of China and how recipient countries use and misuse Chinese BRI investments to create alternative resources for the government’s cronies.