Archive

  • October 2018 (2)
  • September 2018 (3)
  • August 2018 (4)
  • July 2018 (2)
  • June 2018 (4)
  • May 2018 (3)
  • April 2018 (5)
  • March 2018 (3)
  • February 2018 (5)
  • January 2018 (4)
  • December 2017 (4)
  • November 2017 (3)

    In the Dollar Turks Trust
    Güven Sak, PhD 30 December 2017
    I was very surprised the other day when asked whether Turkey would “clam up” economically in 2018, meaning whether it would close in on itself. To give a bit of a background, Turkey started to open up with the Özal reforms in the 1980s, and the process reached its apex in 1989, with the total liberalization of capital account. Ever since, “opening up” to Turk is synonymous to getting freer and richer. “Clamming up” would be the opposite. Let me be very clear: Economically, this is unthinkable. Politically, it would be a suicide. Why? [More]
    How is the EU doing post-Brexit?
    Güven Sak, PhD 23 December 2017
    Last week, Brussels  started an unprecedented process to suspend the voting rights of Poland within the EU mechanism.  “The Commission has today concluded that there is a clear risk of a serious breach of the rule of law in Poland,” said the official statement.  The Commission, which is the executive branch of the EU, considered Poland’s judicial reforms as a serious breach of Polish courts’ independence. “Not good for European values” says the EU. What does this mean? Let me elaborate. [More]
    A Test Case For Globalization: The World Trade Organization
    Bozkurt Aran 12 December 2017
    The global trading system’s rule-making process started with a rigorous effort aimed at multilateralism, which over time became a thrust for plurilateralism. Now the drive is back to plain bilateralism. For more than two decades, global economic relations have been exposed to an era of uncertainty, brought about primarily by the major stakeholders of the system. [More]
    Rising US unilateralism is a bad thing
    Güven Sak, PhD 09 December 2017
    Ten years ago, I was in Jerusalem on Jerusalem Day, which marks Israel’s “reunification” of the city in 1967. I got into a taxi in West Jerusalem to go to East Jerusalem. The traffic was heavy, with new checkpoints everywhere. “It has been like this every year,” said my Israeli driver, “reunification, my ass.” Jerusalem was a divided city then, and it is one today. Nobody seems to have told Donald Trump that very basic fact. [More]