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Prospects for the Turkish economy in 2014 (2)
3.5 percent GDP growth would be a reasonable forecast. A sharper drop in net capital inflows or a significant rise in interest rate would limit GDP growth further and…
GDP growth in 2013
The official growth forecast for 2013 at 3.6 percent probably will be realized readily. In fact, GDP growth might be even higher below 4 percent. As I have shared with…
What is the use of the third bridge for innovativeness?
You cannot just build a bridge in the name of service procurement. I am sure somebody is calculating the yield of the project carried out with the people’s money. The…
Children of another tongue
The OECD’s new PISA exam scores were announced this week. The PISA test is a useful index to compare the educational attainment of children from different countries.…
Turkey ranks sixth in the number of recipients of doctorates at American universities
Why doesn’t Turkey remunerate the efforts of the well-trained young people? I noticed this the other day when I was checking the 2013 Transition Report of the European…
Prospects for the Turkish economy in 2014 (1)
If you are not implementing an economic policy measure that will radically alter the inflationary outlook, changing inflation depends on luck. A change in inflation = A…
Now the state has seized supermarkets
So, who should the Venezuelan people blame? The people who try to extend their profits within a state-designed system? Not in Turkey, thank goodness. Not yet. We make do…
The baseline scenario for 2014 (2)
Even the FED does not initiate tapering on 17-18 December, the statements after the meeting might alter expectations on the timing and the magnitude of tapering. It’s…
Sanctions shifting from Iran to Turkey?
Let’s try to name the winter of our discontent in Ankara. With the Geneva interim agreement, we were able to see a change in the regional landscape by way of a partial…
The BRSA’s decisions: Both timely and not (2)
So, the billion-dollar question is, why did the BRSA not step up earlier in the late 2010 or early 2011? The Banking Regulation and Supervision Agency (BRSA) has…
Why doesn't our higher level of income equality make us happier?
Turkey is one of the two OECD countries which have achieved the most rapid decrease in income gap between the rich and the poor; yet, this has not resulted in an equally…