Ali Babacan
Encyclopedia
Ali Babacan is a Turkish politician
and the current Deputy Prime Minister of Turkey responsible for the Economy. He was previously Minister of Economy in the 58th cabinet
from the Justice and Development Party
(AK Party). On August 29, 2007, he was named Minister of Foreign Affairs of in the cabinet of re-elected Prime Minister
Recep Tayyip Erdoğan
. Babacan succeeded Abdullah Gül
, who became President
.
in Ankara and in 1989 was awarded a BSc
in Industrial Engineering with the highest marks. He went to the U.S.
on a Fulbright Scholarship to do postgraduate studies and in 1992 received an MBA from the Kellogg School of Management
at Northwestern University
in Evanston
, Illinois
, with majors in marketing, organizational behavior and international business.
He entered politics in 2001 as a co-founder and a Board member of the Justice and Development Party and was elected to parliament as deputy for Ankara on November 3, 2002. He was appointed Minister of Economy on November 18, 2002 and became the youngest member of the cabinet, then at the age of 35.
Babacan had the duty to steer a painful economic reform program, which was backed by multi-billion-dollar IMF
loans; with its help Turkish economy achieved a remarkable recovery after two severe crises. He stayed always away from the rough-and-tumble of the Turkish political arena and focused solely on the economic reform, acting rather as a technocrat
without indulging into populism
.
On May 24, 2005, Prime Minister Recep Tayyip Erdoğan
announced his appointment as chief negotiator in Turkey's accession talks with the European Union
, which started on October 3, 2005.
As government minister Babacan has attended several international meetings including the World Economic Forum
in Davos
, Switzerland
, and the Bilderberg Group
.
On May 1, 2009, Babacan was appointed as minister responsible for the economy by Prime Minister Erdoğan, and with additional responsibility for the Treasury.
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
and the current Deputy Prime Minister of Turkey responsible for the Economy. He was previously Minister of Economy in the 58th cabinet
Cabinet Gül
The cabinet of Abdullah Gül took office on November 19, 2002. He succeeded to the fifth government of Bülent Ecevit.After the Justice and Development Party became the biggest party in the general elections of 2002, its leader Recep Tayyip Erdoğan could not be Prime Minister because of its previous...
from the Justice and Development Party
Justice and Development Party (Turkey)
The Justice and Development Party , abbreviated JDP in English and AK PARTİ or AKP in Turkish, is a centre-right political party in Turkey. The party is the largest in Turkey, with 327 members of parliament...
(AK Party). On August 29, 2007, he was named Minister of Foreign Affairs of in the cabinet of re-elected Prime Minister
Prime Minister of Turkey
The Prime Minister of the Turkey is the head of government in Turkish politics. The prime minister is the leader of a political coalition in the Turkish parliament and the leader of the cabinet....
Recep Tayyip Erdoğan
Recep Tayyip Erdogan
Recep Tayyip Erdoğan has been Prime Minister of Turkey since 2003 and is chairman of the ruling Justice and Development Party , which holds a majority of the seats in the Grand National Assembly of Turkey. Erdoğan served as Mayor of Istanbul from 1994 to 1998. He graduated in 1981 from Marmara...
. Babacan succeeded Abdullah Gül
Abdullah Gül
Dr. Abdullah Gül, GCB is the 11th and current President of the Republic of Turkey, serving in that office since 28 August 2007. He previously served for four months as Prime Minister from 2002-03, and as Minister of Foreign Affairs from 2003-07....
, who became President
President of Turkey
The President of Turkey is the head of state of the Republic of Turkey. The presidency is largely a ceremonial office but has some important functions...
.
Education
Babacan graduated from the TED Ankara College ranking first among the class of 1985. He attended the Middle East Technical UniversityMiddle East Technical University
Middle East Technical University is a public technical university located in Ankara, Turkey...
in Ankara and in 1989 was awarded a BSc
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
in Industrial Engineering with the highest marks. He went to the U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
on a Fulbright Scholarship to do postgraduate studies and in 1992 received an MBA from the Kellogg School of Management
Kellogg School of Management
The Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel,...
at Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
in Evanston
Evanston, Illinois
Evanston is a suburban municipality in Cook County, Illinois 12 miles north of downtown Chicago, bordering Chicago to the south, Skokie to the west, and Wilmette to the north, with an estimated population of 74,360 as of 2003. It is one of the North Shore communities that adjoin Lake Michigan...
, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
, with majors in marketing, organizational behavior and international business.
Career in finance
Babacan worked then for two years as an associate at QRM, Inc. in Chicago, Illinois, a company doing financial consulting to the top executives of major banks in the United States. He returned to Turkey in 1994 and, served as chief advisor to the mayor of Ankara the same year. He was the chairman of his family owned textile company between 1994 and 2002.Political life
Babacan had the duty to steer a painful economic reform program, which was backed by multi-billion-dollar IMF
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
loans; with its help Turkish economy achieved a remarkable recovery after two severe crises. He stayed always away from the rough-and-tumble of the Turkish political arena and focused solely on the economic reform, acting rather as a technocrat
Technocracy (bureaucratic)
Technocracy is a form of government where technical experts are in control of decision making in their respective fields. Economists, engineers, scientists, health professionals, and those who have knowledge, expertise or skills would compose the governing body...
without indulging into populism
Populism
Populism can be defined as an ideology, political philosophy, or type of discourse. Generally, a common theme compares "the people" against "the elite", and urges social and political system changes. It can also be defined as a rhetorical style employed by members of various political or social...
.
On May 24, 2005, Prime Minister Recep Tayyip Erdoğan
Recep Tayyip Erdogan
Recep Tayyip Erdoğan has been Prime Minister of Turkey since 2003 and is chairman of the ruling Justice and Development Party , which holds a majority of the seats in the Grand National Assembly of Turkey. Erdoğan served as Mayor of Istanbul from 1994 to 1998. He graduated in 1981 from Marmara...
announced his appointment as chief negotiator in Turkey's accession talks with the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
, which started on October 3, 2005.
As government minister Babacan has attended several international meetings including the World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
in Davos
Davos
Davos is a municipality in the district of Prättigau/Davos in the canton of Graubünden, Switzerland. It has a permanent population of 11,248 . Davos is located on the Landwasser River, in the Swiss Alps, between the Plessur and Albula Range...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
, and the Bilderberg Group
Bilderberg Group
The Bilderberg Group, Bilderberg conference, or Bilderberg Club is an annual, unofficial, invitation-only conference of approximately 120 to 140 guests from North America and Western Europe, most of whom are people of influence. About one-third are from government and politics, and two-thirds from...
.
On May 1, 2009, Babacan was appointed as minister responsible for the economy by Prime Minister Erdoğan, and with additional responsibility for the Treasury.
External links
- Biography at Biyografi.info