Güven Sak, PhD
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Turkey has to put on the brakes because of its disorganized urban transformation
In Turkey, as spending on housing contributes more to the GDP, the domestic savings rate decreases. Turkey is not like China. When it achieves high growth rates like…
Oil should not hinder change in Cyprus
Did you know that Northern Cyprus’s is not performing as strongly as Muğla in terms of tourism? When it comes to the economy of Cyprus, I instantly think of an anecdote…
No advanced-technology without basic sciences
Turkey’s export statistics signal low-growth in the medium-term. The resource constraints indicate that the solution will not be easy. Turkey has to decide on its future…
Can Morsi be Egypt’s Özal?
If I were Egyptian, I would look for an urbanization policy that goes hand in hand with the industrial policy. Turkey and Egypt have just signed an agreement for Turkey…
The youth do not even want to be engineers
First, the best members of a generation refrain from studying the basic sciences as they believe that other options offer better job opportunities and thus a better life…
The new challenge for Turkey: low growth, high current account deficit
In times of high growth and high current account deficit, we at least knew what we were faced with. It used to be that the high growth-high current account deficit duo…
Disbanding militias in Benghazi
If you live in a normal country, you are probably not allowed to own a rocket launcher. Last week I read in the Libya Herald that authorities in that country had decided…
If you cannot lower expenditures, update the taxes
The only thing that has changed, if you ask me, is that now we are calling price increases introduced to improve indirect tax revenues “updates.” To which part of the…
A fake justice system cannot build a financial center in Istanbul
Turkey’s justice system is not functioning properly. It is not necessary to be a defendant or a relative of one to reach this conclusion Turkey’s justice system is not…
Why Antakya is feeling Syria’s pain
It is Antakya for us Turks, and Antioch to most others. The city is part of Hatay province in the southeast of Turkey, right on the Syrian border. I mostly know of…
Why Turkey’s industrial giants have switched to construction
I am starting to believe that the flaws of the industrial incentive system are not what push an electronics giant to do construction in Istanbul. Here is the issue that…
The Central Bank could take a lesson from Steve Jobs
The way to slow down the economy is to increase interest rates. If you want the opposite, do the opposite in financial policy Turkey’s economy is slowing down; its…