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Lessons to learn from Turkey’s experience
Expectations can severely impact the economic outlook even if economic fundamentals are stable. I mentioned that a multiple equilibria can arise depending on how…
Finland adding fuel to the flames
I am wondering if Finnish doesn’t have an idiom standing for “adding fuel to the flames.” I wish you all a happy Bairam, free of “bad equilibria.” The headline of a news…
What Bodrum needs is a new constitution
Turkey needs a new constitution, immediately. The survival of Bodrum and the prosperity of its residents depend on this. No, I don’t intend to proclaim the “Independent…
Why Iraq matters
Why rattle relations with Iraq now, you may ask? It is oil, Kurdish oil. The growing tension between Baghdad and Ankara is not good. History shows that political…
How many medals did Turkey miss?
Among the top twenty economies of the world, Turkey ranked 17 th in medal count. So, here is result of the games: Kim Jong-Un won against Recep Tayyip Erdoğan. North…
The paper war
The U.S. and the U.K., Turkey’s allies, do not want to disappoint Turkey on the Syria issue. According to statements made following U.S. Secretary of State Hillary…
Is there a third perspective?
The key to international competitiveness is lowering production cost of goods and services, which requires productivity gains, technologic advancement in production and…
Which perspective we must embrace?
We must see the easing of current account deficit, that is, the fall in foreign fund requirement, as an “improvement.” Balance of payments figures for June were…
“Who the hell are you to tell us that we’re not going to deal with the Iranians?”
Americans have the authority via American courts to impose penalties on any agency that carries out global transactions. I have to admit that I wouldn’t dare using this…
The fate of two cities: Aleppo and Gaziantep
It is all about having an inclusive regime of wealth creation. If the allocation is really market based, then there is no problem. Recently I have been thinking of the…
What does China’s export performance imply?
The policy Turkey initiated in order to boost exports has come back as an impediment to exports by pushing up costs. China’s weak export performance in July was the last…
Authoritative countries can win medals, too
Investing in human capital, on the other hand, means caring for people and for whatever they think and believe. Good things happen in Turkey, too. The greater…