Turkey - A Work in Progress? Case Solution


Case ID: 713018

Abstract:
Case Solution & Analysis for Turkey - A Work in Progress? by Richard H.K. Vietor
For the past 10 years, Turkey has grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow $16 billion from the IMF and comport with its difficult conditionality. Today, Turkey is a middle-income country in search of an effective development strategy. It tends to run high inflation with a devalued currency, despite massive capital inflows and a huge current account deficit. At home, the government has carefully managed between Islamicization, democracy and secularism. And abroad, it deals with a difficult neighborhood-Syria, Iran, Iraq, and Israel (not to mention Russia, Europe and the USA). Prime Minister Erdogan is trying to rewrite the Constitution before 2014, when the next election occurs.
Keywords:
Business & government relations, Business growth, Capital, Community development, Competition, Economics, Economy, Execution, Growth, Growth strategy, International business. International relations, Macroeconomics, Market economy, Revenue growth, Strategy, Turkey A Work in Progress Case Solution

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