What is External Borrowing in the Ottoman Empire

The purpose of this chapter is to examine how globalization has played a decisive role in the Ottoman Empire and how it created reform through international trade policies and institutions. The first part will examine the concept of globalization and the integration of the Ottoman Empire into the West, the fundamentals of the Ottomanmentality and the effects of globalization on the Ottoman Empire in the 19th century. The second part will examine how globalization played a decisive role in the Ottoman Empire, the 19th century Ottoman economy, Ottoman international trade, and Ottoman external loans. The third part examines the institutionalization and modernization of the Ottoman Empire, reforms in naval affairs during the reign of Abdul Hamid II, and the organization of the navy. The fourth part will examine the institutional relations in the Ottoman Empire after globalization. Institutions will be examined in terms of how they were restructured or how new ones were created to adapt to a new world order.