The Kapali Carsi

  • How Turkey will not escape the middle-income trap

    In the concluding statement of its 2014 Article IV Mission to Turkey, which was released on Oct. 3, the IMF noted that without structural reforms, Turkey was likely to be left in a middle-income trap as a result of slowing growth. Here is the introduction to my latest Hurriyet Daily News (HDN) column, where I [...]

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  • I am back… with my latest HDN column and blogging from the IMF-WB Meetings

    Just a short note to say that I am back… It has been a very busy couple of months, but I will try to continue blogging regularly from now on… I will be posting an addendum to my latest Hurriyet Daily News (HDN) column either later today (Monday) or tomorrow to for an official kick-off. [...]

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  • The poor should die!

    I did not write about the Turkish economy for a change in this week’s Hurriyet Daily News (HDN) column: Inspired by a a YouTube video, I decided to write about the history of economic thought, at least one particular episode in that history. Anyway, you can read the whole thing at the HDN website. I [...]

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  • Turkish monetary policy exacerbates inequality

    In my previous Hurriyet Daily News (HDN) column, which I also posted here, I illustrated the difference between market and academic economists (or economics columnists) by explaining what the Central Bank should and would do at Thursday’s rate setting meeting. The Central Bank did cut its policy rate by 50 basis points as expected yesterday, [...]

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  • ‘Should’ Turkish monetary policy

    In my latest Hurriyet Daily News (HDN) column, I discuss what the Central Bank of Turkey should do at Thursday’s rate-setting meeting- versus what it will actually do. You can read the whole thing at the HDN website, and I have a few additional points to make. First of all, I was planning to write [...]

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  • Turks Richer: They just didn’t know about it!

    In a recent speech, Deputy Prime Minister (and economy czar) Ali Babacan noted that Turkey’s average per capita income now exceeded $19,000. He was talking about purchasing power parity (PPP)-adjusted numbers, but this figure seemed way too high to me,  and so I decided to check: According to the IMF’s most recent World Economic Outlook [...]

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  • A tale of two Turkeys

    You probably often see very conflicting views of the Turkish economy. If you are sick of my gloomy writings (hey, it is called the dismal science), there are plenty of columns and research reports painting a rosy view of the Turkish economy. So how can we reconcile these different assessments? Well, the easiest way out [...]

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  • The end of military tutelage: Historic moment for Turkey

    I don’t want to say too much and spoil the fun of my latest Hurriyet Daily News column- except that you should read it all the way. Two of my readers asked me to remove them from my mailing list this morning, presumably after reading my column, and so unless this is a coincidence, they [...]

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  • The similarity between Turkish PM Erdogan and a Pigeon

    Yep, that’s right: Turkish PM Recep Tayyip Erdogan is very similar to a pigeon. Not a dove, I mind you, a pigeon, so don’t have any “peace” images in your mind. I don’t have the size of their brains in mind, either:) Anyway, if you’d like to know how come, have a look at my [...]

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  • The World Cup, Food Poisoning, London, Charles Dickens and more

    I am back again after a short absence. What was I up to during this time? I continued to write for the Hurriyet Daily News (HDN) during my EconoMonitor absence, and my columns there summarize what I was up to. Well first, I wrote about economists’ predictions on the World Cup- and why you should [...]

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Dan Steinbock

Dr Dan Steinbock is a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies (G7) and large emerging economies (BRICS and beyond).

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