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Turkey needs a positive agenda
Turkey may never make the leap to the high-income group of countries if it cannot play its hand correctly while a new world order is taking shape. The other day IMF…

Let’s see the next candidate in Egypt
It is now back to square one in Egypt. So early. It has just been a year with their first democratically elected president. Yet so obvious. Mohamed Morsi has been…

Overpraising (3)
In the 2003-2012 period, GDP of emerging market economies on average grew by 1.95 times, compared to Turkey’s 1.43. What a repulsive scene: a general out front. A few…

Will the European crisis continue for another decade?
I claim that the European crisis will continue for another decade. They have been in denial for five years, you see. Europe is important for Turkey. It is our primary…

Obsession about interest rates: Good or bad?
If some people are obsessed with interest rates and if they hold important offices, it becomes difficult to design economic policy. You might sure want interest rates to…

Caution for the next three years
The FED will evidently clear away the lump as soon as growth and employment figures reach desired levels. If people give up the conspiracy theories and try to understand…

Turkey is a highly centralized unitary state
With only 15 percent of public officials working in local administrations, can we expect there to be a meaningful local goal? The Gezi Park Protests taught us how…

Egypt as the sand castle of Morsi
Mohamed Morsi, as the first democratically elected president of Egypt, assumed office on June 30, 2012. So, this Sunday is his first anniversary, and there will…

Let’s see what the constitutional court will decide this time
The hearing will potentially be a top item on the financial markets’ radar in the coming days. In the fall 2012, all we talk about was a constitutional court. Not…

Turkey was as rich as South Korea back when it demanded freedom
In 2012, South Korea obtained 14.168 patents from the United States Patent and Trademark Office. Taiwan had 11.624 patents and earned the fourth place on the list. The…

We should be aware of economic vulnerabilities
Tough days are to come. We should be aware of our vulnerabilities when taking our steps. The possible policy reversal by the Federal Reserve (FED) affected emerging…

Overpraising (2)
If the economy has vulnerabilities, you need to focus on and try to overcome these instead of praising the economic performance. That’s the responsible thing to do. For…