Our Chairman Abdurrahman Kaan made written assessments for Dünya Newspaper regarding the global political and economic developments that began after the coronavirus pandemic.

The period that began with the coronavirus pandemic marks a turning point for the global economic, political, and social architecture. We are now in a period of redistribution and conceptualization where new forms of economic and social behavior are considered normal. In the world of tomorrow, even the main framework we define as geopolitics will be transformed into: the geopolitics of information and R&D (information politics), the geopolitics of food and biological distribution (biopolitics); industrial politics, where production, supply, and logistics lines will be reshaped; economic irredentism, which is no longer a mere political term but an economic domain; and cultural politics, where culture and art will operate as tools for economic penetration and social perception engineering. New concepts such as this will force us to rewrite classical economic theories.

USE OF THE PANDEMIC AS A SAVIOR FOR THE GLOBAL OLIGOPOLISTIQUE ECONOMY

The pandemic has become like a flashpoint for an already strained world system. All countries around the world are essentially experiencing a period in which crisis management, conventional risk management methods, and political approaches are being tested. When we examine global economic data before the COVID-19 pandemic, OECD and WB growth forecasts pointed to a global production contraction. In our statements at the time, we emphasized that a sharp commodity crisis awaited the world in 2020 and beyond. We have repeatedly emphasized that we are in a vicious cycle where attempts are made to solve not only commodity but also real economic problems through financial instruments and policies. This situation, particularly with the inflation in derivatives markets, will lead to the devaluation and definitiveization of currency, and even bring the monetary system to the brink of collapse. Aside from the shift in trade towards the East before the pandemic, the significant declines observed since 2017 in global goods trade, ports, and air transportation logistics volumes already told us that the global economy needed a new model and motivation to revitalize.

PHASES OF WORLD HISTORY UNTIL THE PANDEMIC:

20-YEAR TRANSFORMATIONS OF WORLD GEOPOLITICS

When we examine the history of world economics and politics, we see that every 20 years, the economic pattern transitions to a different period and undergoes transformation. Every two decades, the system revises itself. Even if we consider the 20th century alone:

Between 1900 and 1920, the dominant powers of the industrial revolution engaged in a fierce battle to establish capitalism. World War I rewrote the rules of world economic history, and national borders were redrawn.

We can say that the foundations of many of the geopolitical dilemmas we experience today were actually laid within those 20 years. During these 20 years, Turkey was waging its own struggle for national liberation and independence and was almost entirely outside the system.

When we examine the period between 1920 and 1940: The 1929 economic crisis forced us to reexamine existing processes. American dominance in the global system made itself felt in the 1920s. During this period, American banks, which handled both deposit and investment activities, began to replace British banks. The strained world system found itself in the midst of a second war in 1939, paving the way for hegemonic wars.

Following the Great Depression, financial controllers took the lead due to free flows in financial markets, payments imbalances within countries, capital flight, and debt burdens. During this period, we were grappling with the integration of a revitalized country into a new form of governance.

When we examine the period between 1940 and 1960, we see that the Marshall Plan and the Bretton Woods system brought individual countries' independent economies under their control. During this 20-year period, Turkey was forced to integrate the dominant financial system coming from the West into its own country.

When we look at the period between 1960 and 1980, the Euro-Dollar markets became the center of global finance following the oil shock. The quadrupling of oil prices in 1973 following the Yom Kippur War, followed by the Iranian Revolution in 1979 and a tripling in 1980 following Iraq's threat to Iran, profoundly disrupted the flow of global finance. Thus, the world returned to the 1973 approach that dictated the state's prerequisite for development. During this period, we were experiencing a period of coups and memorandums. We effectively paved the way for an approach that failed to reach democratic maturity to render us economically dependent on foreign sources.

The 1980-2000 period heralded an unprecedented transformation in the world. In the years following the end of the Cold War, the world encountered a new set of economic definitions and attitudes, driven by the changing international political understanding and conditions, as well as unprecedented technological advances. Until then, international socio-political relations based on nation and pact, that is, region, were gradually replaced by