The phenomenon of emerging economies has received substantial attention in the study of International Political Economy (IPE). This chapter aims at examining Turkey’s national energy policy from the emerging economies’ perspective focusing on the risk factor. The risk factor is key in conceptualising an emerging economy and encapsulates a number of facets including socio-economic, regulatory and political. In doing so, in the chapter a blend of levels of analysis is applied to capture domestic, international and geographical dimensions that underpin the risk factor in the case of Turkey’s energy policy. Drawing on the case study material analysis the chapter presents main stumbling blocks of a risk-focused IPE of emerging markets consisting of conflicting policy choices between the domestic and international levels. Finally, drawing on the case study of Turkey, the geographical factor of emerging economies is evaluated in reference to energy trade.
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