Bottom-Up: Explaining the Success Story of Turkey in the 2000s

Prof. Dr. Mustafa Acar, Strategic Outlook

Turkish President Abdullah Gul
after a speech at the Turkish Parliament

A lot of people around the world are wondering these days how Turkey was able to jump from bottom to the top within a decade and became a shining star of the region. It seems a miracle: starting from a terrible situation it faced with the eruption of 2001 crisis, but ending with a brighter than ever outlook. When the country cleared its external debts to the IMF last week, this outlook became even brighter, urging credit rating institutions to upgrade Turkey’s rating.

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Environment and economy on collision course

Rolf Wenkel

Photo: Fars

The world is confronted with mounting threats, the World Economic Forum has warned in its Global Risk Report. Among the risks are income disparity, the burden of sovereign debt and damage caused by climate change.

The 2013 Global Risk Report compiled by the World Economic Forum (WEF) is based on a poll of over 1,000 economists, policy makers, scientists and civil society activists. The majority of respondents singled out increasing income disparity as the risk which was most likely to manifest itself over the next ten years.

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