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Turkey needs more GVCs
Turkey’s industrial transformation started in the early 1980s. Unlike many of its Middle Eastern neighbors, Turkey has no natural resources, so it had to organize its…
Turkey needs to increase its ‘readiness’ for future of production
One of today’s most important tasks for Turkey is to increase its level of ‘readiness’ for the future of production, as startups might be used as transformation tools.…
Higher growth, higher misery in Turkey
Turkey’s economy grew by 11.1 percent in the third quarter of 2017. That’s the highest figure since 2014. Yet the misery index, found simply by summing up the inflation…
Turkey and NATO: 45 years ago, 45 years later
NATO was established in 1949. Turkey and Greece became members in 1952. And if there was no NATO at the time, Turks would have had to invent it. Russia was breathing…
Russian-Turkish relations and the dark underbelly of Cryptocurrency
Russian-Turkish relations were in the news again last week. But this time it was different. It was not about s-400s, not sanctions or secondary sanctions, nor even about…
One global economy, two visions
The World Economic Forum's 48th annual meeting in Davos, Switzerland, kicked off with copious measures of optimism and caution. On one side, IMF upped its global growth…
Is Turkey going back to square one after 40 years?
Turkey has transformed itself from a sleepy agrarian society to a dynamic industrial country. Much of it is thanks to Özal’s reforms that started the transformation…
The year 2007 was a perfect storm for Turkey
“Countries don’t disappear, it has been said, but sometimes they do encounter perfect storms.” wrote Jorge Castaneda, a Mexican politician and academic, the other day in…
A tale of three countries: Turkey, China and Iran
I was in Tehran right after President Rouhani was first elected. The hotel rooms were fully booked, with businesspeople and journalists from across the world. The story…
In the Dollar Turks Trust
I was very surprised the other day when asked whether Turkey would “clam up” economically in 2018, meaning whether it would close in on itself. To give a bit of a…
How is the EU doing post-Brexit?
Last week, Brussels started an unprecedented process to suspend the voting rights of Poland within the EU mechanism. “The Commission has today concluded that there is a…
A Test Case For Globalization: The World Trade Organization
The global trading system’s rule-making process started with a rigorous effort aimed at multilateralism , which over time became a thrust for plurilateralism . Now the…