Güven Sak, PhD
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Cause of valuable Turkish Lira is the rise in unemployment
We are not accustomed to recessionary periods. No one has yet completely acknowledged that nothing will be the same. Everyone is waiting with hope to say "it was a storm…
If the IMF is involved; savings problem changes its characteristics
Do you follow the "We need to save more" discussion? Lately, Kemal Derviş brought the issue forward. Hasan Ersel drew a good frame about the issue at his column in…
Can compulsory military service be an opportunity for tackling unemployment?
Two developments have marked last week. First was the statement by Turkish Statistics Institute proving that unemployment figures go on climbing up. Since the beginning…
These tax hikes pushes up unemployment and down growth
Price raise decisions made in Ankara the day before at best represents panic. Private consumption tax for fuel was raised. Similarly, Value Added Tax imposed on food and…
Rising household savings rate in the USA is boding
And another country heard from. Household savings of Americans reached a record high level in May 2009. While everyone was expecting them to spend more, increase…
What does the signature of the Nabucco Project mean?
First signatures for Nabucco Project were put down in Ankara. Representatives of the European Union (EU), Austria, Turkey, Bulgaria, Romania and Hungary came together in…
Everyone learns his own lesson
Turkey is in a rapid transformation process. The point to be emphasized considering the change is: Changes does not happen under military discipline designing each step…
How does risk appetite rise in the world we know?
If Adam Smith made a short visit to the world; wouldn't he think that the prophecy the stated around two hundred years ago was coming true? Yes, he would. What was that…
Why are they more pessimistic now?
Is it because the wind now blows more rapidly? Or is it because suddenly clouds coated the sky? Is it because the news started to be worse? Or is it because analysts…
Can we focus on our work if we hold the elections right away?
We put our signature under another global "success" story. Turkey's economy has broken the world record of economic contraction in the first quarter of 2009. Contraction…
Does it become hard to enable global growth it the bride shortage in China is not solved?
This week 2009 Global Development Finance report of the World Bank was discussed at TEPAV. Here you are three conclusions to be drawn from the meeting: First, 2010 will…
Why is it necessary to be on the safe side in 2010?
This week we have been touching upon the question "How will 2010 be in global terms?" We have first addressed the issue with some information took place at Reuters: the…