Where does the difference between Korea and Turkey lie?
05 February 2009
Nowadays, figures pertaining to the economy are not as exhilarating as before. Export figures for January indicated a 28% decrease. Yes, the performance of Turkey is bad, but are the Asian countries shown as examples of export-oriented growth model performing better? No, they are not. Recently, January export figures for Korea were also announced; exports of Korea have diminished by 32.8%. What is the result? Korea, one of the export leaders of Asia, is experiencing a trade deficit just like we do and more importantly for the first time since the Asian crisis of 1997. Then, where does the difference between the Korea and Turkey lie?
We are at a point where foreign policy will determine economic policy
03 February 2009
The world has become a strange place. We are right in the middle of a global economic crisis that has deeply affected all of us and that tends to affect even further. The global crisis originated from the US. What would you expect in such a condition? You would think that "the US hegemony has come to an end", wouldn't you? However, the reality does not seem so and also does not seem to evolve in that direction. President Obama keeps saying "we are done, we are ruined" all day long, but the present tendencies indicate that the US is still an important economic actor. We are rapidly entering a new environment. If you are wondering how the US will manage to preserve its importance in this new economic environment, please go on reading.
“For God’s sake, what aspect of this crisis psychological!”
31 January 2009
Doomsday Superstitions Catalogue; Entry No Two: "For God's sake, what aspect of this crisis psychological!" Since the international banking crisis hit the shores of Turkey, a form of explanation that is not even slightly related with the reality began to spread around. Whenever you say the word "crisis", people, with the common pedantry of those who does not know anything, take the lead and say "hey, that is totally psychological" even before you start talking about the measures needed to be taken. They assume such an attitude as if there is no problem in reality and you had a sort of a nightmare so that all problems will disappear once you wake up. Or, as if the problem will disappear completely right away if you do not ever mention it. Well, this is not the case. The people thinking that
It is not normal that Washington is more important than New York
29 January 2009
We are in an interesting period. We are under influences that we are not used to face. It might be quite dangerous to get excited upon each development and try to react to each new development. Periods of crises are not periods for rapid action at all. The approach that shall be pursued is to limit actions to the highest extent possible and try not to waste energy. The important thing to do in busy days with different news flowing in every second is to focus on the question of the day. It is crucial to find out the question of the day for avoiding to get excited by every single development. So, what is the question of the day nowadays? A finding by an American friend summarizes the question of the day: Washington being more important than New York is not a situation we are used to see. Let
Turkey has taken the first measure against the crisis with the BRSA regulation
27 January 2009
I have good news. We just saw that Turkey has the ability to be proactive. The first right step to tackle the crisis is taken. Banking Regulation and Supervision Agency (BRSA) has broadened the framework of the Reserves Regulation. First of all, it is the first time a public authority takes an action oriented towards the real problem. Secondly, Turkey has for the first time introduced a pro-active measure. This measure, though necessary, is also not sufficient. Now, it is time to take rapid new steps towards the required direction. If you are wondering what we are talking about, please keep on reading.
Is height enough for success?
24 January 2009
What is the secret of success in life? Is it the chemical process a fetus is exposed to that determines the future? Or, is what we call success is just the ability to take the opportunity, which is an ability that proves itself in any case? Of course, the mentioned "ability to take the opportunity" is not a gift of the nature, but it is to be nurtured. But, how is it possible? How can one attain the ability to take the opportunity? In fact, what Joseph Nye, an international relations professor at Harvard University defines "smart power" is exactly this "ability to take the opportunity" and is nothing but the product of a series of skills. And, nowadays, it is the "ability to take the opportunity" that Turkey needs.
Obama era is a window of opportunity for Turkey
20 January 2009
Today is a historic day. President Obama will begin his term as the President of the United States. Though Israel's latest Gaza operations will force Obama to make immediate foreign policy decisions, the new President will most likely have to focus on economic issues. Expectations are quite high and the problem is more serious than any other that we have ever faced. While immediate foreign policy decisions are forcing the doors, we will see that domestic decisions for the economy will in fact be foreign policy decisions. And the task to shape a new global economic architecture will be carried out by the administration that is to take the office. By this way, a change in style will take place. This is what is going to happen, regardless of whether it is desired or not. We are standing just
Have you ever visited the Prime Ministry web site?
17 January 2009
United States of America is getting ready for the Obama era. Inauguration is to be held next week. Bush period of "So many leadership with no followers", as Harvard professor Joseph Nye puts it, is coming to an end. Just a while before, we were saying that "President Obama will be the first president of the Star Trek generation" - in the article talking about "going to places where no one has dared to go before". Presidency of Obama highlights that some things are not going to be the same for the United States of America. Please, do not show displeasure and say "nothing ever changes there". You shall give America its due. But, do not worry, today, I do not have any intention to comment on America. I am just seeking to make an extended introduction on the subject of internet and communica
Prerequisite for changing the reality is accepting it
15 January 2009
You might be discontent with the reality you face. Changing that reality might be the main purpose of your life. However, you cannot fulfill that purpose by pretending as if that reality does not exist. Recently, in Turkey, we observe "a tendency towards flight from reality" with respect to both economic policy and foreign policy. Since leadership means accepting and trying to change the reality, this tendency is certainly bad. And in fact, it is extremely dangerous. Let's see why.
Are we the control group of an experiment?
10 January 2009
Turkish government has been monitoring the financial crisis that has been blatantly arriving here in Turkey as long for almost one and a half years without taking any precautionary measures. Observing such contentment, one cannot stop thinking that the government has an intention. Recently, a friend of mine said "I am afraid that Turkey might be the control group." Why not? Maybe, Turkey is the control group of the experiment conducted to understand the measures required to tackle the crisis. Can this be possible? Let us see.