OP-ED: Turkey – a bit glazed but far from stuffed

in the Galata area became the financial centre not just of Turkey, but of the Ottoman Empire,

And many of the domestic cyclical boom-and-bust problems remain. Today Turkey’s economy is in recession. This has its roots in politics. Ankara’s spat with Washington was sparked by the continued detention of an American pastor allegedly involved in a 2016 coup attempt against President Recepbut came as the ruling party’s support in the cities of Ankara and Istanbul was seen to be slipping due to rising food prices and unemployment. While the government says that the economy should return to growth in 2019, other analysts are less optimistic.The 2001 IMF programme,” he notes, “laid the foundations for Turkey’s economic growth.

epa05429130 Turkish parliamentary speaker Ismail Kahraman, Turkish President Recep Tayyip Erdogan and former president Abdullah Gul pray nearby coffins of victims who were killed in a coup attempt on 16 July, during the funeral at Fatih Mosque, in Istanbul, Turkey, 17 July 2016. EPA/SEDAT SUNAToday,” he says, “the private sector is the leader in the economy.

The former president confesses that fears, however misplaced, about economic and political stability are discounting Turkish assets and adding a premium for much-needed foreign direct investment.While I have my own, different views about domestic politics,” he admits, “we are all interested in the same thing, for Turkey to be wealthy and successful.”

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OP-ED: National Savings Capture: Predatory capitalism and the asset management industryWe have found ourselves in the eye of a perfect storm. In pursuit of self-interest, our political leaders have failed us badly, and by so doing have tarnished the reputation of the country as a safe and sound investment destination. The corporate sector has registered phenomenal failures, hundreds of billions have been wiped off the capital markets. The nation’s savings have been looted in the public and private sector to the order of hundreds of billions. So, it is hardly surprising that so much distrust and suspicion of the establishment has emerged. 4 someone who chaired a co whos corp governance at best left lots 2 b desired u certainly have a lot to say
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