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How to move from destruction to construction?
You need a small team and independent action for destruction. For construction, however, these are not enough. Paul Krugman’s new book End This Depression Now has been…
Greece upgraded, Turkey downgraded?
Turkey’s powerful record does not change the fact that its economy is now highly vulnerable to sudden shifts. Standard & Poor’s has downgraded Turkey. It has not changed…
Dani Rodrik was right again
The nation-state or national decision-making mechanism cannot go together with democracy and globalization. Dani Rodrik is a Turkish economist and a professor at the…
Bright Ideas on Syria
Foreign Minister Ahmet Davutoğlu delivered a speech regarding the Middle East in general and Syria on Apr 24. His remarks were quite interesting and decorated with…
Implications were not on the game but on the audience
During the months ahead, we will witness the reflection of the inflation phenomenon onto the game. The CBT will keep the funding cost at high levels. No, the title does…
What the hell have they been doing there for ten hours?
It is of significance that the constitution-making process started with the Constitution Platform Citizens’ Assemblies, the biggest event for deliberative democracy in…
The freedom of taking sides
Tight fiscal policy can as well be expansionary under certain circumstances. This was the case with Turkey after the 2001 crisis. In some other cases, however, the exact…
Banking, but not saving
Turks don’t like to borrow from financial institutions, but do like the credit cards those institutions give out. They have bank accounts, but they don’t save. That’s…
Higher interest rate, valuable lira
Funding cost will be determined by the changes about the exchange rate, and thus the international risk appetite. The Central Bank of Turkey (CBT) announced the second…
Does Turkey need high-speed train service between Ankara and Istanbul?
Steps tailored to enhance the connection between Konya and Ankara are more important than those to connect Istanbul to Ankara. Is Turkey’s transportation priority…