JStone
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- Jun 29, 2011
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- #1
GÜVEN SAK: Why Turkey Is Lagging. Hurriyet, Turkey
Turkey is lagging behind? Sounds perplexing, doesnt it? Especially when one considers that Turkeys growth in 2011 has surpassed even that of China. That is when I started hearing questions like Is Turkey an economic exception amid the global crisis?
The true economic character of a country, however, can only be portrayed by its experience, and Turkeys is there to analyze in numbers. The figures indicate that relative to the GDP per capita of the United States, Turkey performs badly when compared to Greece, Spain and Portugal. We only appear invincible because we no longer lag as badly behind Southern Europe as we used to. The culprit behind this misperception, a new study says, was Turkeys low agricultural productivity in the 1960s and 1970s.
Continued: GÜVEN SAK - Why Turkey is lagging
Turkey is lagging behind? Sounds perplexing, doesnt it? Especially when one considers that Turkeys growth in 2011 has surpassed even that of China. That is when I started hearing questions like Is Turkey an economic exception amid the global crisis?
The true economic character of a country, however, can only be portrayed by its experience, and Turkeys is there to analyze in numbers. The figures indicate that relative to the GDP per capita of the United States, Turkey performs badly when compared to Greece, Spain and Portugal. We only appear invincible because we no longer lag as badly behind Southern Europe as we used to. The culprit behind this misperception, a new study says, was Turkeys low agricultural productivity in the 1960s and 1970s.
Continued: GÜVEN SAK - Why Turkey is lagging