Güven Sak, PhD
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Can this incentive system create a Samsung?
We are designing our public policies not for the sake of future generations as the Koreans do, but for the sake of the upcoming elections. Last week I argued that the…
The Syrian turmoil is bad for business
In a world of non-market economies, you have to be in good terms with foreign capitals to penetrate their markets. Turkey was one of the earliest countries to abide by…
Please do not beat the police
In our experience, civilians do not beat police officers, but the police beat anyone and everyone at a moment’s notice. The other day I saw a brochure in Bern when I was…
Yes, but not enough
The incentive system I was briefed about in Korea was thematic and had a spirit. Unfortunately, ours does not. The new incentive system for industrial investments has…
I feel betrayed by the JOBS Act
I feel betrayed because in Turkey, we are trying to enhance our disclosure rules and make corporate accounts more transparent. Just a few days ago, U.S. President Barack…
I felt at home in Moscow
If you asked me, “What did you think about Moscow?” I would say it is a bit from the past. The city has a glory inherited from the past. I do not know if this is about…
Why is Bursa’s textile industry in decline?
The old industrial centers have started to lose the old sectors. In other words, the old industries have moved to the new industrial centers. Last weekend, I was in…
Turkey’s east is a blind alley
Turkey is part of the European economy. Its production capacity has become more sophisticated only because of the European market. The Customs Union agreement has been…
How does Syria affect Gaziantep?
The wave of transformation that recently has overcome us is not good for Turkey. It is not good for Gaziantep, either. I was in Gaziantep when I first saw a leaflet on…
Why the Koreans feel betrayed
I do not recall any political leader in Turkey’s past who was committed to free market principles in the way Korean leader Park Chung Hee was. I was surprised, at a…
I felt like a loser in Seoul
If you are proud of İstinye Park in Istanbul, Seoul is entirely designed like that. I have been in South Korea’s capital Seoul for the last few days. This is my first…
Anatolia is not in the Customs Union yet
The main clients for the emerging industrial centers of Anatolia are the Middle East and North Africa, not Europe. Turkey as a whole signed the Customs Union (CU)…