The Impacts of the Development Road Project on International Trade: A Pestel Analysis
DOI:
https://doi.org/10.37241/jatss.2025.141Keywords:
Development Road Project, transportation diplomacy, PESTEL analysis, international trade, trade corridorsAbstract
Introduction: In recent years, changes in global supply chains, the growing need for energy security, and regional geopolitical transformations have increased the strategic importance of transportation infrastructures. In this context, the Development Road Project, launched under the leadership of Türkiye and Iraq, stands out as an alternative trade corridor connecting the Persian Gulf to Europe. The Development Road not only enhances economic integration between the two countries but also serves as a concrete example of Türkiye's strategy to expand its regional influence through transportation diplomacy. This study aims to reveal the potential impacts of the Development Road Project on international trade through a multidimensional analysis.
Method: Accordingly, the project’s political, economic, socio-cultural, technological, environmental, and legal dimensions have been examined in detail using the PESTEL analysis method.
Results or Findings: The findings indicate that the project not only contributes to the trade volume between Türkiye and Iraq but also supports regional stability, facilitates the creation of new logistics hubs, and strengthens Türkiye's influence along the Middle Corridor. However, issues such as financing structure, security risks, regional competition, and infrastructure incompatibilities present significant challenges to the project.
Discussion or Conclusion: The Development Road Project offers a strategic opportunity for Türkiye to enhance its position in international trade and logistics in alignment with sustainable development goals.
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References
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