This paper focuses on the process of internationalisation of accumulation, and tries to uncover the multiple power relationships among different capital groups in Turkey. The internationalisation process created a whole series of new contradictions between the capital fractions, which have a strategy of international expansion, and those with a strategy of limited expansion within the national scale. It also made it more difficult for the leading party (AKP) to specify an economic paradigm within which conflicts over competing interests can be negotiated and accumulation secured in the long run. Thus, the paper argues that not only is the present structure of Turkish economy expressive of both the search of globally expanding capitals for new areas for expansion and the fight for domination in the domestic market, but that the struggle between them also shapes both inter- and intra-class relations of power and intra-state conflicts over economic policies.
