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4 percent growth target in jeopardy
CUR figures for January and February reveal that industrial output might increase to some degree in Q1/2013, after the worst quarter of 2012 with this respect. February…
Two perspectives on Turkey
Recently I read two interviews in two different Turkish newspapers. In them, I found two perspectives on Turkey, so far apart yet so complementary. The first interview…
E-books are more expensive than printed ones in Turkey, unlike elsewhere
In the rest of the world, an electronic book is sold at one third of the price of the printed book. Not in Turkey. Electronic books are cheaper than printed books all…
Does Turkey encourage hot money inflows?
The question I want to answer is whether the Central Bank’s actions fit the purpose of not. Let’s say that you are considering bringing short-term funds to Turkey in…
Because we said so, that’s why
This year, a system resembling the old one, which was not only unfair but also bad for education quality, was introduced without notice. Parents spend a lot so that…
The UAE is to be the latest industrial country in our region
The UAE might have made bad investment decisions, but the figures prove that they are taking firm steps towards becoming an industrial country. It appears one of the…
What is the problem with Turkish soap operas?
So many questions could be raised about Turkey being a regional power, but one thing stands out beyond argument: Turkey’s “soap opera” power is spreading through the…
How to raise the savings rate?
With a longer-sighted perspective, it is clear that the way to leap to an upper league passes through anti-informality measures among others. It was three weeks ago when…
Why does Turkey trail behind in pharmaceuticals exports?
Turkey has a thousandth share in pharmaceuticals exports worldwide. It has failed to transform its health industry over the last decade. Turkey's health sector…
The Kurdish problem and Erdoğan’s roadmap
Prime Minister Recep Tayyip Erdoğan aims to get the outlawed Kurdistan Workers’ Party (PKK) out of the way so as to implement his career plan. Last week he made one of…
5 percent? 6 percent?
No country can sustain such a high current account deficit over GDP ratio for a decade. Given the radically low domestic savings rate, current account deficit has to be…
Nostalgia does not bring prosperity
In 2013, what does a physicist do in Turkey, other than go abroad or tutor high school students studying for the university exam? Who deliberates on the future only can…