Evaluation of Globalization in the Context of Energy

Abstract

The policies followed by global powers in line with their own interests, especially since the 2010s, have shown the magnitude of the risk for economies united by the impact of globalization. Turkey could not remain isolated from what was happening in the world. There was a decrease in the purchasing power of the people due to high inflation, and it was partially less affected than other countries in terms of food and energy with the policies it followed. However, the very high rate of foreign dependency on energy remains a major risk for developing countries. Dependencies between economies, which are the peace-keeping aspects of globalization, are implemented by global powers as coercive steps and sanctions to get the other party to accept their demands without fighting. The unidirectional negative use of natural gas, which is a clear indicator of the dependencies between economies, by the marketing global powers and its becoming an instrument of power wars, necessitated the evaluation of the power wars in the context of energy and Turkey's sensitivity on this issue to be addressed. In this study, the globalization process and the policies followed by global powers are discussed, energy-related risks for Turkey were revealed, and suggestions were made by comparatively examining Turkey's potential, especially in terms of solar energy, which is one of the renewable energy sources, to reduce or eliminate these risks.