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The battle was not over yet
Growth has been slowing down, which will ease the CPI. Yet, CPI realization will most probably be significantly above the CBT target. Thank God, high inflation rates are…
Growth: Now “less unsustainable”
Growth will not fall down steeply as it was once feared. 3-4 percent quarter-on-quarter growth ago seems more probable. Growth figures for 2011 were finally announced.…
Why is Bursa’s textile industry in decline?
The old industrial centers have started to lose the old sectors. In other words, the old industries have moved to the new industrial centers. Last weekend, I was in…
As pessimism is rebounding...
Between mid-January and March 21, the Central Bank of Turkey kept the short term interest rate at 7.5 percent. The rate currently reached 10 percent. Foreign trade…
Turkey’s east is a blind alley
Turkey is part of the European economy. Its production capacity has become more sophisticated only because of the European market. The Customs Union agreement has been…
Tommy Suharto, Saddam and Cairo's misery
The authors’ answer as to where the fortune of Suharto’s son came from applies for other countries, too. Putra Suharto, known with the name Tommy, is son of former…
Barzani as the “Third Party”
Since last week, “new strategies” in the struggle with the Kurdistan Workers’ Party PKK have been being argued. To me, the main problem was not “the new strategy,” but…
How does Syria affect Gaziantep?
The wave of transformation that recently has overcome us is not good for Turkey. It is not good for Gaziantep, either. I was in Gaziantep when I first saw a leaflet on…
Corruption economics
The productivity of an organization is related to the level to which its employees have internalized its objectives. I am in Cairo to attend an academic conference. The…
Why the Koreans feel betrayed
I do not recall any political leader in Turkey’s past who was committed to free market principles in the way Korean leader Park Chung Hee was. I was surprised, at a…
I felt like a loser in Seoul
If you are proud of İstinye Park in Istanbul, Seoul is entirely designed like that. I have been in South Korea’s capital Seoul for the last few days. This is my first…