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Not before the second era of the rentier economy is over
If you can guarantee profits without adding any value simply by building things, you won't risk investments in technology. PwC Consulting announced its list of global…
A series of oddities
In the first seven months of the year, gold imports were almost equal to machinery and equipment imports! Will Turkey grow via gold imports? Turkey is an increasingly…
A country with a narrow mindset cannot make it to the top ten of the world
Turkish companies do not have a global mindset. Public support mechanisms trail behind the global standards and fail to adapt to global developments. Turkey still has…
Overpraising (n+1)
We have to stop overpraising Turkey’s economy and face the reality. This is the only way to solve the problem. Brace yourselves now. I will divide the post-1990 period…
Why Turkey still looks xenophobic to me
The Transatlantic Survey 2013 results were announced last week. I was reading the text prepared for the Turkish ceremony. Some 38 percent of Turks surveyed said Turkey…
Thus spoke the central authority…
Let’s say that there are 100 theology faculties in Turkey. YÖK asks their opinion on such a resolution and 99 of them votes for it. In the early 1980s, Robert Frank…
Would you invest in a nice house or education for your children?
If having personal qualifications actually has returns, education becomes important. The other day a South Korean friend of mine said, “If you ask me what the most…
The abnormality of the normalization process
So, if the FED announces the anticipated steps, will that be the end of the story? Not even close, unfortunately. Two main matters of debate concerning FED are ahead of…
Turkey struggles and Korea advances in construction
Turkey’s share on the list of world's top construction companies decreased from 3.8 percent to 3.3 percent. Recently, when I was in Palestine, I pondered the problems of…
Ankara beats Istanbul in creativity
I have been following Turkey’s creative class with more interest ever since the Gezi Park events. The Martin Prosperity Institute at the University of Toronto published…
What’s the purpose of raising FX spending with imports decreasing?
If I were in the shoes of the economy management, I would elaborate on the correlation between the hike in gold imports and the current economic policy. Have you seen…
Why Obama's policy on Syria is rational
The core principle of Obama’s new immigration policy is to bring skilled, well-educated, English-speaking young people from all around the world to the US, regardless of…