Ankara's "Economic Miracle" Collapses

[mehmeTcc]

Really, a crisis will happen in Turkey. Today's Turkey is like USA before Great Depression, however if you are producing, there is no problem here. In Özal's times, Turkey was exporting 8 billions per year. With this money, they founded -SAN companies and established tourism sector. Today's Turkey is exporting 150 billions, think what can we do with this money?

The goal must be producing higher added-value products like automobiles and trains. Privatization must be another goal, companies like Tülomsaş and MKE must become private sector's assets.

This is a real success story and the men behind steering the Taiwanese economy should be applauded. Turkey needs to look at countries as Taiwan and South Korea to learn how to become true economic and industrial powerhouses. We are still not fully developed because we lack in certain vital areas, such as indigineous automative industry and of course electronics.

Nope, we can admire South Korea and Taiwan, however, these countries -especially SK- received more "foreign assistance" than us.

 

[somebozo]

Really, a crisis will happen in Turkey. Today's Turkey is like USA before Great Depression, however if you are producing, there is no problem here. In Özal's times, Turkey was exporting 8 billions per year. With this money, they founded -SAN companies and established tourism sector. Today's Turkey is exporting 150 billions, think what can we do with this money?

The goal must be producing higher added-value products like automobiles and trains. Privatization must be another goal, companies like Tülomsaş and MKE must become private sector's assets.



Nope, we can admire South Korea and Taiwan, however, these countries -especially SK- received more "foreign assistance" than us.

and so did Taiwan!

 

[RiazHaq]

It just shows that all economies are cyclical and nothing goes up or down forever in a straight line.

All BRIC economies are all slowing down as well.

 

[Hasbara Buster]

Nothing is "collapsing" in Turkey, don't worry OP. Everyone knows that the Turkish economy has a very bright future.

 

[Mehmet]

Full of inaccuracies & outright lies. While the Turkish economy has taken a hit from the European crisis it has however attracted significant FDI from Asia diminishing the greatest threat to the Turkish economy.

The republic of Turkey also generates some 100,000+ university graduates per year so it is no danger of qualified manpower contraction neither is Turkey a "third world economy" in fact to the contrary unlike the "third world" Turkey is actively attempting to reduce her red hot economy as it is a favorite destination for investors spooked by the European crisis and has no difficulty in raising capital, unlike true third world economies who struggle just to gain investor attention.

It is clear to me that the author of this article has ulterior motives and nobody can predict future market direction and this author is downright deluded to believe "the Turkish economy will collapse in 2012"; as I have already mentioned the Turkish economy is at the moment red hot with the major threat being the European financial crisis which is dimmed by Asian FDI and another threat which Turkey is doing all to prevent from occurring is the risk of open warfare in her region. Turkey is actively attempting to calm her economy as she knows that all economic booming growth at some point will come to an end and it is better to hit the rocks below softly rather then sharply as was the case in Greece.

Unlike our neighbor to West who is in dire straits Turkey is actively increasing tax controls and collection, stamping out corruption and diversifying her economy through privatization and thanks to her myriad of investments and being the target of investments she is in no immediate threat of a "sudden economic collapse" although I admit nothing is certain yet all activity and evidence points to the opposite of what this idiot suggests.

The again I wont be surprised at this BS "economic update of Turkey" report if the author is Greek, after all the Greeks and their contemporary Western friends for years promoted the strength of the Greek economy while in reality they joined a union intended to promote MNE (multinational foreign business) activity yet the Greeks did the opposite and the government claimed all the Greek companies under her own control, paranoid about foreigners controlling Greece, and now submerged in their ignorance claim that Germany is involved in an anti-Greek conspiracy

Sorry I had to include the above statement since these same "economists" got it so wrong in the past with regards to Greece, Ireland, Spain, Haiti and a host of other nations while they conveniently forgot that economic activity funded by the raising of debt does not equal to long term sustainability.

 

[BaybarsHan]

itin duasi kabul olsa gökten kemik yagardi

when dogs have a accepted pray, bone rains

 

[Zulkarneyn]

itin duasi kabul olsa gökten kemik yagardi

when dogs have a accepted pray, bone rains

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