New media applications become vital in order to compete as a country and as human beings. Despite the positive impact and increasing global usage of new media applications, some countries have low new media applications penetration when others have high. This should be analyzed and evaluated within the countries' own macroeconomic and institutional dynamics. Dynamic motives as institutional, macroeconomic, infrastructural, and political factors heavily divined and also easily damage the current and future conditions of the countries. This work conceptually and concretely investigated the role of specific factors. Macroeconomic factors are determined as population, GDP growth rate, and population rate of the countries. Institutional factors are evaluated through political stability index, rule of law index, and civil liberties index of each sample country. Infrastructural factors, business environment, and investments were analyzed with looking at international internet bandwidth per internet users and competitiveness data for countries.

Fiduciary is a better alternative than real securities in many respects. However, it has critical legal and economic disadvantages that cause inefficient consequences. Drawbacks of fiduciary outweigh its advantages compared to Common Law Trust. Since, Trust is based on a distinction of legal ownership and equity ownership which is compatible with the distinction of legal rights and economic rights in the economic theory of property rights. This compatibility between Trust and economic theory makes the Trust economically efficient. On the other hand, the economic rights and legal rights distinction is an unfamiliar issue to the civil law of property system. The civil law of property system covers limited real rights in accordance with the principle of numerus clausus that historically includes legal ownership as legal rights and to repudiate economic rights. In this paper, we analyse how to eliminate legal and economic drawbacks of fiduciary in order to make it as efficient as Trust in the light of transaction cost theorem. The dual property system in the Trust and economic theory should not be totally injected into the civil law of property system. However, the dual property system or a system may have legal consequences as quasi-dual property systems might be injected into a specific field like fiduciary transactions in civil law based capital markets. This argument has been legalized under the EC/2002/47 Financial Collateral Directive and Article 47 of the new Turkish Capital Markets Act.

New media applications become vital in order to compete as a country and as human beings. Despite the positive impact and increasing global usage of new media applications, some countries have low new media applications penetration when others have high. This should be analyzed and evaluated within the countries' own macroeconomic and institutional dynamics. Dynamic motives as institutional, macroeconomic, infrastructural, and political factors heavily divined and also easily damage the current and future conditions of the countries. This work conceptually and concretely investigated the role of specific factors. Macroeconomic factors are determined as population, GDP growth rate, and population rate of the countries. Institutional factors are evaluated through political stability index, rule of law index, and civil liberties index of each sample country. Infrastructural factors, business environment, and investments were analyzed with looking at international internet bandwidth per internet users and competitiveness data for countries.

Politik piyasa, tıpkı geleneksel ekonomik piyasada olduğu gibi oyuncuların olduğu, oyuncuların fayda fonksiyonu çerçevesinde davrandığı, mübadele sürecinin ve piyasa stratejilerinin oluşturulduğu bir mekanizmadır. Politik piyasaların iktisadi anlamda gerekliliği açık olmakla birlikte, sosyal refah üzerinde yaratmış olduğu etki bakımından bir ekonomik piyasa olarak adlandırılmalıdır. Politik piyasanın etkinliği ise tam rekabet piyasa özelliklerine haiz olup olmamasına bağlıdır. Tam rekabet piyasası, piyasadaki oyuncuların fayda sağladığı mümkün olan en düşük fiyatlı ve en düşük maliyetli mal ve hizmetin oluşturduğu piyasayı ifade eder. Ancak, piyasa mekanizması mevcut sistemde etkin veya optimal düzeyde kaynak dağılımını sağlamakta zorlandığında tam rekabetçi piyasa özelliğini kaybetmeye ve iktisadi anlamda etkinliğini yitirmeye başlar. Piyasa mekanizmasının doğal bir şekilde dengeye gelmesi her ne kadar arzu edilse de işleyişi düzenlemek amacıyla, iktisadi sonuçlar doğuran ve piyasa dışı müdahale olarak nitelendirebileceğimiz hukuki regülasyonlara ihtiyaç vardır. Bu çalışmanın en temel amacı politik piyasa kavramının ekonomik piyasa niteliğini ortaya koyabilmektir. Politik piyasa kavramı piyasa aksaklıkları kuramı çerçevesinde teorik olarak açıklanmakta, konvansiyonel piyasa mantığına dayalı bir şekilde politik piyasaya mekanizması ortaya konmaktadır.

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