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How will the eruption of the volcano in Iceland affect Nairobi?
The distance between them is approximately 9000 kilometers; but the eruption of a volcano in Iceland can affect the wages of agricultural workers in Nairobi. Last…
Institutional structure and incentive mechanisms
Developmental economists define a close link between the institutional structure and economic performance. How individuals are incentivized in an economy is defined by…
Where will this record high current account deficit drag Turkey?
We are about to arrive at the point where fund inflows towards Turkey will be influenced. After that point, there will be no turning back. I am frequently exposed to the…
Where does Greece head to?
If you are faced with high public debt, you have to take the most radical steps immediately. Ten days ago Greece's credit rating was cut by 2 levels to B. At the same…
Is this excuse valid?
In the case with Turkey, the difference between the headline inflation and the consumer inflation will be quite wide if the recent trend proves temporary. For a long…
Turkey can bear a high current account deficit for some time more
The Arab revolts have paved the way for Turkey to become an investment base for the countries of the region. The Arab riots do not appear to have ended. The revolts are…
What an incentive
You have to do all it takes to change the status quo. Evidently, this cannot be done by employing disincentive mechanisms. There is a close relationship between…
Good for me!
Economic growth, which narrows the digital gap, also eliminates poverty. It used to be easier to categorize countries clearly. There were those that could use the…
Opinion follow-up: Do the credit expansion slow down? (2)
Banks do not slow down borrowing from the CBT to compensate the fall in the amount of deposits for credits. In the first commentary of the "opinion follow-up" series…
When you turn on TRT Arabic in search of a salve, you come up with an eggplant ragout recipe in Arabic.
Al Fatih and Hamas recently signed a memorandum of understanding on reconciliation in Cairo. Palestinian Authority President Mahmoud Abbas had called Hamas for…
Rapid credit expansion with the eyes of others
It is needed to tighten the fiscal policy for the potential rainy days and finally not to categorically reject short term capital controls. We had better examine the…
Turkey does not speak English
English proficiency is an indicator of the quality of the skills set of the citizens of a country. Education First (EF) is a private English training course established…