Güven Sak, PhD
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Where does the difference between Korea and Turkey lie?
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…
We are at a point where foreign policy will determine economic policy
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.…
“For God’s sake, what aspect of this crisis psychological!”
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…
It is not normal that Washington is more important than New York
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…
Turkey has taken the first measure against the crisis with the BRSA regulation
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…
Is height enough for success?
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…
Obama era is a window of opportunity for Turkey
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…
Have you ever visited the Prime Ministry web site?
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…
Prerequisite for changing the reality is accepting it
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…
Are we the control group of an experiment?
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…
Central Bank shall reconnect with the reality as soon as possible
The world has changed. This was what the International Monetary Fund (IMF) chief economist Olivier Blanchard and Director of Fiscal Affairs Department Carlo Cottarelli…
Favorable indicators of yesterday do not give good news anymore
2009 will be year different from those we are used to. Before 2009, it was easier to understand which was a right step and which was a wrong step. The economy was…