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 27 November 2008 A way to turn the economic crisis into an opportunity: Programs to rebuild workforce skills at mass level and the Korean experience, Tepav Evoluation Note
Ankara – TEPAV published an evaluation note on the mass skill development programs recommended to be considered as a crisis measure. It is argued that the mentioned measure can make a significant contribution to both the continuation of the sustainability of growth process and the rapid recovery in the period after the crisis. Under the scope of the recommendation, it is expressed that mass training programs shall be implemented to improve the skills of the labor force. The evaluation note prepared by the Global Crisis Working Group, in the light of the experiences of South Korea in the aftermaths of the 1997 Asian Crisis emphasizes that İŞKUR must design and implement skill building programs at the mass level. Click here to continue...
31 December 2008 Policy Experience of Countries in 2007-08 Global Financial Crisis, Tepav Evoluation Note
The evaluation note published by TEPAV elaborated on policy measures introduced in 41 countries to tackle the impacts of the global crisis. The note addressing regulations directed to banking sector, monetary policy and the policy measures implemented in cooperation with international institutions, as well presented macroeconomic indicators for those countries in the crisis period. The evaluation note set forth how the policy measures were shaped in line with the macroeconomic indicators of countries and emphasized that creative solutions must be sought. The note said it is acknowledged that economic policy preferences in response to the latest global crisis are not just composed of black and white, and it can be concluded the economic policy also has grey components. The note highlighted that different countries devise different policies in response to a crisis that affects all economies simultaneously through similar channels. Arguing that the policies to be developed must be dynamic and creative to respond the impacts of the crisis, which changes and deepens almost day by day, the evaluation underlined that unorthodox policy options gains prominence. It is also emphasized that, among 14 different policies TEPAV addressed under the scope of the evaluation, Turkey implemented only three. Click here to continue...
16 February 2009 Return to 1980s in Private Capital Flows,Tepav Evoluation Note
The effects of the financial crisis that emerged in the US financial markets in the second half of 2007 and spread all around the world in a short period has been increasingly felt. The fact that the crisis oriented from the financial system as well as the confidence shock it created strengthened the prospects that the most important impact will be on the private capital flows. And the decrease in capital flows is expected to affect the economy of developing countries like Turkey. Click here to continue...
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