Independent and cutting-edge analysis on global affairs
Turkey has set ambitious goals and targets for 2023. The most popular of these is to rank among the world’s 10 biggest economies. For this objective to be met, there are several key economic, social, and political conditions that must be fulfilled. Turkey will have to grow on average eight percent per annum. For this objective to be met, there are several key economic, social, and political conditions that must be fulfilled. In the economic sphere, maintaining a high investment to GDP ratio is pivotal. For sustainable growth, Turkey should increase total factor productivity through considerably larger investment in R&D and human capital. Also, Turkey should increase domestic saving rates in order to address the saving-investment gap.
 
 
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Tayfun Bayazıt
Tayfun Bayazıt
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Foreword Following the violent dissolution of the former Yugoslavia in the 1990s, there had been a shared sense of hope for a more peaceful future for the European continent. Unfortunately, this comfortability disappeared after Russian President Vladimir Putin ordered his troops to march against the Ukrainian forces throughout the border on 24 February 2022. This marked a turning point not only for the...
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