In order to decrease its unemployment rate, Turkey needs structural reforms in areas such as education, immigration policies and labor regulations.
While hegemonic transitions tend to occur over long periods, it seems that the friction between neo-protectionism in strategic sectors and the push for all out liberalization will determine the fundamental axis of the ongoing rivalry between China and the U.S.
Turkey ought to utilize new protectionist strategies in order to adapt and to survive trade and currency wars in an era in which science, industry and technology policies and public activism are on the rise.
Operation Olive Branch is crucial not only for the stability of Turkish politics, but also for the stability for the country’s economy.
While Bitcoin is yet to prove itself, cryptocurrencies have potential in the mid and long-term. Therefore, governments need to take initiatives that will prevent people from being victimized and allow the employment of blockchain technology.
According to data released by the State Highways Directorate on Wednesday 20 January, Turkey earned 1.46 billion Turkish liras ($387 million) in tolls from two bridges on the Istanbul Strait as well as toll roads in 2017.
Disagreements over diplomacy and security issues between Turkey and U.S. do not affect trade ties. Trade volume expands by 16.6 percent in first 11 months of 2017 compared with first 11 months of 2016, reaches $18,7 Billion
On Monday 15 January, the Turkish Statistical Institute (TurkStat) announced that the unemployment rate in Turkey dropped to 10.3 percent in October – down 1.5 points from the same month in the previous year.
It is estimated that blockchain will hit the markets and will be at the center of the fourth industrial revolution.
While speaking at an award ceremony at the Ankara Chamber of Commerce, President Erdogan said, “It won’t be a surprise if the Turkish economy grows by more than 6 percent. Probably around 7 percent in 2017.”