A report published by the SETA Foundation underlines how Turkey will be able to achieve economic success under the new presidential system.
As the public debt level is currently very low, the Turkish government has an ample room to increase its spending level to boost the real economy.
Turkey is ready to move to another level in the transformation trajectory of its democracy and development narrative under presidentialism by restructuring the public administration, macroeconomic governance and state-business-society relations.
The Turkish economy has her own problems such as current account deficit, as other economies have their own. However, it has showed her resilience and potential time and again in the last 7 decades and particularly in the 2000s.
As Turkey is trying to reverse its deindustrialization process and is trying to avoid the middle income gap, the government should take a closer look to the South Korean development experience.
“Time is more than ripe for the TCMB to reconsider its monetary policy stance and take into account real factors such as employment, economic growth, income inequality and, last but not least, the development process of the country when constructing monetary policy function. After all, central banks are for the people, right?”
Developing countries such as Turkey should adopt “low policy interest rate – undervalued exchange rate” regime. This regime is certainly not enough to the industrialization end, but is a must.
As we stand on the eve of the Fourth Industrial Revolution, the conceptual evolution of development continues in line with rapid technological advancements.
As the industrialized world moves into the knowledge economy and the Fourth Industrial Revolution, a plethora of economic opportunities enabled …
Turkey’s industrial production increased by 14.5 percent in July 2017 compared to the same month last year, the Turkish Statistical …